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2017 (11) TMI 1439 - AT - CustomsClassification of imported goods - Valuation - rejection of transaction value - Held that: - the impugned order records that appellant themselves imported similar items through Nhava Sheva three months before the present consignment. The authority reiterated that value difference of US$ 1.40 cannot be accepted and since goods are identical, applying Rule 5 of the Valuation Rules reassessed the same at unit price of US$ 14.63 - rejection of transaction value adequate and proper reason has to be adduced by the assessing officer. Considering that the imported goods are electronic items and price variation is in the range is only about 10%, there is no justification recorded in the original authority order for rejection and redetermination of assessable value. Appeal allowed - decided in favor of appellant.
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