Case Law Analysis
|Custom, Excise & Service Tax Tribunal
Rule 12 Customs Valuation | NIDB Data Insufficient to Reject Transaction Value : CESTAT Chennai
CESTAT Chennai ruled that transaction value under Rule 12 of the Customs Valuation Rules, 2007 cannot be rejected solely on NIDB data. The ruling reaffirms primacy of declared transaction value unless supported by legally admissible contemporaneous import evidence, impacting valuation disputes nationwide.