Customs Value Enhancement Set Aside for Ignoring Mandatory Valuation Rules

Nico Extrusions Limited Vs Commissioner of Customs (CESTAT Mumbai)

The Hon’ble bench observed that the impugned orders in upholding the enhancement of value is not consistent with the legal provisions of the Customs statute in respect of valuation of imported goods. Accordingly, the impugned orders do not stand the scrutiny of law and therefore these are not legally sustainable.

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, allowed the appeals filed against two Orders-in-Appeal that had upheld enhancement of declared import v

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