Rejection of transaction value without providing details of contemporaneous import unsustainable

Commissioner of Customs Vs Rajendra Textiles (CESTAT Chennai)

CESTAT Chennai held that rejection of transaction/ declared value of impugned goods on the basis of contemporaneous imports without providing details relating to contemporaneous imports of goods is unsustainable in law.

Facts- Vide the present appeal, the Revenue challenging the Order-in-Appeal which involved the issue of valuation of imported silk by M/s. Sree Rajendra Textiles.

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