2018 (6) TMI 1305

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..... action value is the basis for assessment unless proved to be wrong or affected by extraneous considerations. The Revenue has not rejected the transaction value first. The Appellate Authority has referred to precedent decisions holding to that effect - In the absence of rejection of the transaction value, Revenue cannot proceed ahead to re-determine the value in terms of the subsequent rules of .....

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..... we proceed todecide the appeal itself as the issue lies in a narrow compass. 2. As per the facts on records respondent filed Bill of Entry for clearance of Non Textured Polyester PA Coated Fabric . The assessing officer rejected the declared value on the Bill of Entry itself and re-determined the value under Rule 9 of the Customs Valuation (Determination of value on Imported Goods) Rules, 2007 .....

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..... e Revenue has again reiterated their stand that in the absence of specifications of the product, the value cannot be determined under Sub-rule 1 of Rule 3. Identical goods showing the necessary specification and comparable quantity of the imported goods were not notice by the Commissioner (Appeals) and as such have submitted that the value enhancement was correct. They have relied upon the Supreme .....

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