NIDB data alone cannot be base for rejection of transaction value: CESTAT Chennai

Albany Molecular Research Hyderabad Research Centre Pvt Ltd Vs Commissioner of Customs (CESTAT Chennai) CESTAT Chennai held that enhancement of transaction value solely on the basis of NIDB data, without determining how imported goods are comparable and contemporaneous, not justified. Hence, order set aside. Facts- The Appellant, an 100% EOU, was importing Diethylaminosulfer Trifluoride and Magnetic resonance from their parent company situated overseas, by availing benefit under Customs Notification no.52/2003 without payment of duty. Upon examination of the values of imports, the department i...