CESTAT Criticizes Rejection of Car Import Values; Stresses Need for Transactional Evidence Over Regional Comparisons.

Valuation of the import of car​​​​​​​ - the CESTAT criticized the adjudicating authority for rejecting the declared value without sufficient reasoning. It emphasized that without evidence of undervaluation, the transaction value should be accepted. The court also disagreed with the use of Australian car values as a basis for revaluation, highlighting the difference in market dynamics. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X