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2019 (5) TMI 486 - AT - CustomsValuation - undervaluation of imported goods - enhancement of transaction value - Rejection of transaction value not done - Entire case of under valuation made out in the present proceedings is that Appellant 1 had supplied the goods imported by them to DESU at much higher price than the price declared by them on Bill of Entry - HELD THAT:- Without rejecting the transaction value in the course of international trade in just and reasonable manner he could not have applied the rule 5 to 8. Further in case he was able to reject the transaction value then also he had to determine the transaction value by application of rules 5 and 6 first before coming to rule 7. Higher value charged by the appellants at the time of sale of imported goods cannot be reason for rejection of transaction value in course of international trade. Thus, in the absence of any just and reasonable cause for rejection of transaction value, we are not in position to sustain the order of Commissioner - declared value upheld. Appeal allowed - decided in favor of appellant.
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