2020 (11) TMI 331 - SCH - Customs

Valuation of imported goods - Automotive Consumables - rejection of transaction value - main contentions of the Appellants are that the Appellant was not party to the market enquiry; copy of the report was not provided by him and that the Commissioner has not proceeded sequentially in terms of Customs Valuation Rules - it was held by CESTAT that The values of disputed items were arrived at without following the CVR and without giving any cogent reasons for arriving at such a value. We are of the opinion that such a valuation has neither statutory backing nor legal acceptability. The Ld. Commissioner has erred in rejecting the transaction value and in fixing the value of the impugned goods. HELD THAT - There are no reason to interfere with the order impugned in the Civil Appeal. The Civil Appeal is dismissed.