Declared import Values cannot be Rejected Solely on NIDB Data without Valid Reason: CESTAT [Read Order]
The CESTAT Chennai held that declared import values cannot be rejected solely on NIDB data without valid reasons and supporting evidence, highlighting the necessity for transparency and compliance with Rule 12(1) of the Customs Valuation Rules
By Devanand T R - On November 9, 2024 12:19 pm - 3 mins read
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) Chennai emphasised the limitations of using National Import Database (NIDB) data as the sole basis for rejecting declared import values. The decision came in the case of M/s. MBM (India) Pvt. Limited, appealed against the revaluation of goods by customs authorities, which was initially…
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