Transaction Value declared by Importer deemed as Assessable Value unless rejected for Specific Reasons under Customs Valuation Rules: CESTAT [Read Order]

Transaction - Value - Importer - Assessable - Value - rejected - Specific - Customs - Valuation – Rules – CESTAT - TAXSCAN

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that the Transaction Value declared by the Importer shall be deemed to be the Assessable Value unless the same is being rejected for Specific Reasons under the Customs Valuation Rules, thus invalidated the enhancement of value solely based on National Import Database…

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