Re-determination of assessable value without sufficient evidence of undervaluation cannot be sustained

Flipkart India Private Limited Vs Commissioner of Customs (Import) (CESTAT Mumbai) CESTAT Mumbai held that re-determination of assessable value of imported power bank without adequate evidence of undervaluation is not justifiable. Accordingly, order is set aside to that extent it had confirmed the adjudged demands on the basis of revised/enhanced valuation of goods. Facts- This appeal has been filed by M/s Flipkart India Private Limited, Bengaluru. The issue involved in this appeal relates to alleged undervaluation of “Power Bank 5200mAH” having part number VXN4062IN imported by t...