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2017 (11) TMI 1452 - AT - CustomsValuation - Rule 8 - similar imports - Revenue entertained a view that the goods were undervalued for assessment by the importer–appellant - Held that: - It is an admitted fact that similar or identical items are not available with the authorities to compare the value or even to conduct the market enquiry to arrive at the value on computation - the methodology adopted by the Revenue by simply relying on the Chartered Engineer certificate who examined the raw material cost, cost of production etc. is not acceptable - matter is remanded to the original authority to re-determine the issue in all aspects after hearing the party - appeal allowed by way of remand.
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