Undervaluation of the imported goods - Rejection of transaction ...

Case Laws Customs

December 1, 2023

Undervaluation of the imported goods - Rejection of transaction value - Having rejected the declared assessable value under Rule 12, the department sought to re-determine it under Rule 5 based on the contemporaneous value of similar goods imported into the country. - To determine the value of the contemporaneous imports, the relevant data was extracted from the NIDB. - Importer has also accepted the same - Demand confirmed - AT

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Undervaluation of the imported goods - Rejection of transaction ...

Case Laws Customs

December 1, 2023

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