ALO Law Office- IDT Tax I Arbitration I Litigation
Date: 30.09.2025
CESTAT Mumbai set aside the revised assessable value
This Article has been written by Shri Ravi Shekhar Jha, Advocate based in New Delhi. The views expressed are based on his interpretation of the law. He can be reached at his email id intelconsul@gmail.com or on his Mobile +91-9999005379.
In a landmark decision, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai, has set aside the revision of assessable value in the case of Nilkamal Limited. This judgment, delivered on September 29, 2025, highlights critical issues surrounding the valuation of imported goods under the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. The case revolved around the rejection of declared values for imported wooden furniture and sofa sets from Malaysia and China, and the subsequent reassessment by customs authorities. β
Background of the Case
Nilkamal Limited imported consignments of wooden furniture and sofa sets from Malaysia and China between September and November 2012. β The customs authorities rejected the declared transaction values, citing lack of comparability with contemporaneous imports. β They revised the assessable value using a “price factor” based on the weight of the furniture, which was derived from the unit quantity code (UQC) specified in the Customs Tariff Act, 1975. This reassessment was challenged by Nilkamal Limited, leading to the appeals before the Tribunal.
Source: CESTAT Mumbai
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