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2024 (2) TMI 777 - CESTAT CHENNAIValuation - inclusion of royalty / technical know-how to the transaction value - requirement for revision of the transaction value or not - the invoice value accepted as the transaction value - case of Revenue is that that the original authority has not conducted sufficient investigation or any verification of documents and has merely relied upon earlier order of the Tribunal to accept the transaction value - principles of natural justice - HELD THAT:- On perusal of the grounds of appeal, it is seen that apart from the vague submission that the original authority did not conduct any thorough verification there is no specific grounds raised that there is undervaluation. There is no material pointed out to show that that the price quoted for similar goods as per NIDB data or contemporaneous imports is higher or different from the value adopted by the respondent. The argument in regard to amendment of Rule 10 is also not material to be considered for the reason that for the disputed period (2010-2013) the respondent has not paid any royalty or technical know-how fee. Therefore, the amendment has no bearing to decide the issue as to whether the transaction value accepted by the department is proper. The appeal filed by the department is without any merits. The appeal is dismissed.
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