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2019 (1) TMI 667 - AT - CustomsValuation of imported goods - enhancement of declared value - determination of transaction value - Rule 4 and Rule 5 of the Customs Valuation Rules, 2007 read with Section 14 of the Customs Act, 1962 - Held that:- Since in terms of the permission granted by the jurisdictional Commissioner vide order dated 18.11.2009, the appellant had filed the Bill of Entry and other import documents, the value declared for the purpose of assessment should be considered, in absence of any plausible evidence that the declared price is not true transaction value and over and above the agreed price, the appellant had paid more consideration through the mode, other than the banking channel - Since Section 14 of the Act mandates that the value of the goods is to be considered on the basis of the price actually paid or payable for the goods, when sold for export to India, the negotiated price offered by the overseas supplier should be considered as the transaction value. Appeal allowed - decided in favor of appellant.
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