Declared transaction value rejection upheld where importer failed to rebut valuation notice and assessable value was redetermined under customs rules.

Declared transaction value was rejected after a Rule 10A notice under the Customs Valuation Rules, 1988, and the importer did not provide an effective response to displace that rejection. The original authority then re-determined assessable value under Rule 8 after finding the earlier valuation rules inapplicable. On the record, no material was produced to undermine either the rejection of the declared value or the resort to Rule 8 for valuation. The re-determination of assessable value was therefore upheld and the appeal failed.

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Issues: Whether the rejection of the declared transaction value and its re-determination under the customs valuation rules was justified.

Analysis: A notice under Rule 10A of the Customs Valuation Rules, 1988 had been issued proposing rejection of the declared value, and there was no effective response from the importer. The records also showed that the original authority proceeded to determine value under Rule 8 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 1988 after finding the earlier valuation rules inapplicable. No material was shown to dislodge the basis for rejection of the declared value or the resort to Rule 8.

Conclusion: The rejection of the declared value and the re-determination of assessable value were upheld. The appeal failed.

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