NIDB data cannot be sole basis to reject transaction value without any cogent reasons

Commissioner of Customs Vs Hanuman Prasad & Sons (CESTAT Delhi) The issue under consideration is whether the invoice represent the true transaction value in the international market? CESTAT states that the brief facts are that the respondent importer of polyester knitted fabrics were filing Bill of Entry from time to time at ICD Sonepat on the basis of self assessment of duty on the declared transaction value. The Bills of Entry were assessed by Assistant/Deputy Commissioner of Customs, by enhancing the value over and above the declared value. However, no speaking order was passed giving r...