Customs Valuation Rules- Invoice price cannot be rejected without cogent reasons

Guru Rajendra Metalloys India Pvt Ltd Vs C.C. (CESTAT Ahmedabad) The issue under consideration is whether Directorate General of Valuation (DGOV) override the provisions of Valuation Rules? In the present case, the appellant, Guru Rajendra Metalloys India Pvt Ltd uses scrap namely Taint Tabor, Tread, Tense, Zorba, Talk, Troma, terse, Twitch, Telic, etc. imported from various countries as raw material for self-consumption in the manufacture of Aluminum Ingots, Aluminium Alloy Ingots, etc. The case of the department is that the appellant has given a consent letter to the proposal of the enhancem...