Declared value of second-hand imported computer monitors could not be enhanced without comparable goods evidence.

Declared value of old and used imported computer monitors could not be enhanced without evidence of comparable goods or reliable market data. The Revenue relied on a suggested price, but no comparable imports were produced on the record, and the record did not establish a market price for second-hand goods. On that evidentiary basis, enhancement of value was not justified and the reassessment was set aside, leaving the assessee's declared value undisturbed.

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Issues: Whether the declared value of old and used imported computer monitors could be enhanced in the absence of evidence of comparable goods.

Analysis: The imported goods were second-hand computer monitors. The Revenue sought enhancement of value on the basis of a suggested price, but no data or evidence of comparable goods was produced. In the case of second-hand goods, a comparable market price was not established on the record, and the enhancement was unsupported by evidence.

Conclusion: The enhancement of value was not justified. The order setting aside the reassessment was upheld and the appeal failed, in favour of the assessee.

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