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2018 (7) TMI 34 - AT - CustomsValuation of imported goods - it has been alleged by the department that the value of the imported goods namely, dog food / snacks was grossly under-invoiced - it is the case of appellant that the lower authorities have arbitrarily rejected the transaction value of the imported consignment without giving any valid ground of its rejection - Held that:- Firstly the department did not have any concrete evidence at the time of assessment of the Bill of Entry for rejecting the transaction value declared by the appellant under section 14 of the Customs Act 1962 as the prices indicated on the website cannot primarily form the basis for undertaking the inquiry of an imported consignment. There should have been more concrete evidence before the investigating authority for prompting them to undertake detailed investigation and seizure of imported consignment. The contemporary import prices of the similar goods were very much available at the time of import on the Customs NIDB data which are almost very close to the transaction value declared by the appellant at the time of import of various consignments. The transaction value declared by the appellant were comparable or almost same as that of “similar goods” and therefore, the Department did not have any acceptable and legal evidence to reject the transaction value of the six imported consignments - appeal allowed - decided in favor of appellant.
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