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Transaction Value Can’t Be Rejected Solely on DGOV Valuation Guidelines: CESTAT Chandigarh
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AdvertisementFire Stone Metal Pvt Ltd Vs Commissioner of Customs (CESTAT Chandigarh) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh allowed the appeal filed by Fire Stone Metal Pvt.
Ltd. against the Order-in-Original dated 29.03.2024 whereby the Commissioner of Customs, Ludhiana had rejected the transaction value declared in Bills of Entry under Rule 12 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, re-determined the value under Rule 9 of the said Rules based on the Directorate General of Valuation letter dated 15.11.2018, confirmed a customs d...