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2018 (9) TMI 1285 - AT - CustomsValuation of imported goods - Ordinary Plywood with Veneer Face Grade B - enhancement of value - no rejection of Transaction Value - Held that:- Revenue has nowhere attacked the transaction value and has not produced any evidence to show that the transaction value was wrong. It is well settled law that for rejecting the assessable value declared by the importer on the basis of the invoices so raised by the foreign supplier. Revenue has to first reject the said transaction value by the production of sufficient evidence to disapprove the same. In the present case, there is no effort by the Revenue to first reject the transaction value. Appeal allowed - decided in favor of appellant.
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