Rejecting Transaction Value Based on Assumption Contrary to Customs Act Section 14 & Valuation Rules 8

Krishna Traders Vs Commissioner of Central Tax (CESTAT Hyderabad)

Transaction value cannot be rejected on mere assumption/presumption and against provisions of Section 14 of the Customs Act read with Rule 8 of the Valuation rules

Introduction: The case of Krishna Traders vs. Commissioner of Central Tax (CESTAT Hyderabad) revolves around the dispute over the demand for a customs duty of ₹4,42,049. The central issue is whether the differential customs duty

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