Rejection of transaction value without providing details of contemporaneous import unsustainable

Commissioner of Customs Vs Rajendra Textiles (CESTAT Chennai) CESTAT Chennai held that rejection of transaction/ declared value of impugned goods on the basis of contemporaneous imports without providing details relating to contemporaneous imports of goods is unsustainable in law. Facts- Vide the present appeal, the Revenue challenging the Order-in-Appeal which involved the issue of valuation of imported silk by M/s. Sree Rajendra Textiles. M/s. Sree Rajendra Textiles have filed various Bills of Entry for clearance of Thrown Silk Yarn/ Raw Silk classifying under CTH 50040090 and 50020010. As t...