Transaction value rightly rejected due to mis-declared quantity & grade of guar gum

Nanz Med Science Pharma Pvt Ltd Vs Commissioner of Customs (CESTAT Delhi) CESTAT Delhi held that rejection of transaction value and determining the value based on the contemporaneous value available in National Import Database (NIDB) correct as quantity of goods is much larger than what was declared; buyer and seller are related parties and grade of guar gum is mis-declared. Facts- Nanz imported guar gum (Hydroxypropyl Trimonium Chloride) and declared it to be of Technical Grade, Not for Pharma /food grade and declared a value of Rs.19.264 per kg. It declared the quantity of the guar gum impor...