Rejection of declared value based on NIDB data on similar goods unsustainable

Himalaya Tractor Co. Vs Commissioner of Customs (CESTAT Kolkata) CESTAT Kolkata held that rejection of declared value based on NIDB data on similar goods unsustainable. Accordingly, differential duty demand and imposition of penalty thereon is unsustainable. Facts- The Appellant is a registered partnership firm, imported tractor parts in lots from China. The Appellant filed nine Bills of Entry for home consumption which were assessed to duty and the proper officer of Customs has passed orders for the clearance of goods. After release of the goods, the Appellant moved the goods to Delhi at thei...