CESTAT sets aside Transaction Value Enhancement due to Lack of Evidence in Chartered Engineer’s Report [Read Order]

The Chennai Bench of Customs, Excise and Service Tax Appellate Tribunal(CESTAT)  set aside the transaction value enhancement, due to lack of evidence in the Chartered Engineer’s report. Sri Aisvaresvaraya Imports,appellant-assessee,challenged the rejection of the declared transaction value and its enhancement based on a Chartered Engineer’s report. The Bill of Entry was marked for the first…