Customs cannot re-assess import value solely on NIDB data: CESTAT Kolkata

Eagle International Vs Commissioner of Customs (Port) (CESTAT Kolkata) The CESTAT, Kolkata examined an appeal challenging an order passed by the Commissioner of Customs (Port) which rejected the declared transaction value of imported water purifier spare parts and re-assessed the value primarily on the basis of NIDB data, resulting in demand of differential duty, confiscation of goods with redemption fine, and imposition of penalty. The appellant had imported consignments from an overseas supplier against a commercial invoice and filed a Bill of Entry declaring values as per the negotiated pri...