Rejection of transaction value without evidence proving reason influencing price is unjustified

Indian Farmers Fertilizers Co Operative Limited Vs C.C (CESTAT Ahmedabad) CESTAT Ahmedabad held that rejection of transaction value is unjustified as department has failed to produce any evidence reflecting that the relationship between the parties has influenced the price. Facts- M/s IFFCO and M/s KRIBHCO both are a Multistate Co-operative Society primarily engaged in manufacturing of Fertilizers and distribution of fertilizers. On the basis of intelligence gathered by the Department of Revenue Intelligence (DRI), the imports of Urea by M/s IFFCO and M/s KRIBHCO were taken up for analysis and...