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2019 (5) TMI 1079 - AT - CustomsValuation of imported goods - rejection of declared value - which is correct value at which the goods imported which is required to be accepted for the purpose of assessment of Customs duty? - HELD THAT:- The valuation of the imported goods has to be done as per Section 14 of the Customs Act read with Custom Valuation Rules, 2007, which has not been followed in this case. Investigation has been done in an unprofessional manner and the prices has been arbitrarily enhanced by the Customs Officer which has not been rectified in the impugned order in spite of various submissions made by the appellant. The Department has not been able to provide any value for the contemporaneous import but for the third invoice the source of which is not disclosed. In view of that it will be inappropriate and contrary to the provisions of the Section 14 of the Customs Act read with Custom Valuation Rules, 2007 to reject the transaction value as has been held by the lower adjudicating authority and learned Commissioner (Appeals) in the impugned order. The department is directed to release the consignment at declared price within a fortnight from the receipt of this order - Appeal allowed - decided in favor of appellant.
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