Import Values Cannot Be Rejected Solely on NIDB Data: CESTAT Chennai

MBM (India) Pvt. Limited Vs Commissioner of Customs (CESTAT Chennai) In the case of MBM (India) Pvt. Ltd. vs. Commissioner of Customs (CESTAT Chennai), the dispute arose over the rejection of declared import values by the Customs authorities, based on a significant difference between the declared value and the value of similar goods in the National Import Data Bank (NIDB) database. The Customs authorities invoked Rule 12(1) of the Customs Valuation Rules, 2007 (CVR) to reject the declared value and reassess the transaction value. However, the appellant argued that the proper officer failed t...