Declaration of Transaction Value of Imported Goods cannot be rejected Based on Price of Similar Goods Available in NIDB Data : CESTAT [Read Order]

Declaration - Transaction Value - Imported Goods - Declaration of Transaction Value of Imported Goods - Price - Goods - taxscan

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the transaction value of imported goods cannot be rejected only on the basis of the National Import Database (NIDB) data of similar goods because NIDB data do not show the import of comparable goods.  Himalaya Tractor Company, the appellant assessee…

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