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Informative

Establishment of Fake or Fabricated Invoice Not necessary to reject Transaction value u/r 12 of Customs Valuation Rules: CESTAT

Update / Judgement Date

11 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Excise, VAT & CustomOther Legal Matters

The CESTAT ruled that the establishment of a fake or fabricated invoice is not necessary to reject a transaction value under Rule 12 of the Customs Valuation Rules. The tribunal emphasized the need for considering all relevant factors. This decision reinforces the importance of proper valuation. The ruling clarifies the requirements for customs valuation. This is regarding customs law.