Declared value cannot be rejected solely based on NIDB data: CESTAT Chennai

Atlantis Trading Company Vs Commissioner of Customs (CESTAT Chennai)

Introduction: In a recent judgment, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Chennai addressed the appeal filed by Atlantis Trading Company against the re-valuation of imported goods by the Assistant Commissioner. The dispute centered around the rejection of the declared value by the Revenue based solely on the National Import Database (NIDB) data.

Background: At

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