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2019 (8) TMI 432 - AT - CustomsValuation of imported goods - 100% Knitted Polyester Fabrics - rejection of declared value - enhancement of value based on NIDB data - no evidence that the transaction value was not correct - HELD THAT:- We do not find anything in the order of the Asst. Commissioner to establish that the invoice value declared by the appellant is not the correct transaction value and therefore can be rejected. Rule 12 of the Customs Valuation (Determination of Value of Imported Goods) Rules 2007 states that the declared value can be rejected if the proper officer has “reasonable doubt” about the truth and accuracy of the declared value. Simply because the value declared by the appellant is lower than the value found in the NIDB database, the value cannot be revised by the department. Such difference in value does not constitute in itself a reasonable doubt needed to reject the transaction value under Rule 12 - appeal allowed - decided in favor of appellant.
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