Transaction Value Can’t Be Rejected Without Specific Doubt: CESTAT Quashes 44 Duty Demands

Continental Trading Co Vs Principal Commissioner (CESTAT Delhi) Summary: The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi, examined an appeal filed by M/s Continental Trading Co. challenging the Order-in-Original dated 24 December 2022 issued by the Commissioner of Customs, ICD Tughlakabad. The Commissioner had rejected the appellant’s declared transaction value of ₹11.05 crore under Rule 12 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, and re-determined the assessable value at ₹14.19 crore under Rules 4 and 9. Based on this revalu...