CESTAT ruled against custom valuation rules violation in dispute over brass goods import value. Appeals allowed for re-examination.

CESTAT, an Appellate Tribunal, addressed the valuation of imported goods (ball valves/check valves/cartridges of brass). The rejection of declared value and redetermination of value were scrutinized. The Tribunal held that the proper officer's dismissal of Customs Valuation Rules without proper scrutiny was inappropriate. The re-determination of assessable value breached the Rules and lacked effort to verify transaction values of identical or similar goods. The case was remanded to original authorities for proper disposal in line with Customs Valuation Rules. Appeals were allowed for remand. .....

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