https://www.taxtmi.com/caselaws?id=88164 Declared import value can be rejected only on legally recognised valuation grounds showing that the invoice is not genuine or that the transaction price does not reflect the real consideration. Higher prices in other imports, by themselves, are insufficient to discard the transaction value or enhance assessable value. A mere show cause notice in a cited comparable matter does not establish acceptance of a higher value, and comparable instances must be proved with reliable evidence before they can displace the declared invoice value. On that basis, enhancement of the declared value was held unsustainable and the invoice value was accepted. en-us Tue, 17 Feb 1998 00:00:00 +0530 Thu, 15 Sep 2011 15:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88164 Declared import value can be rejected only on legally recognised valuation grounds showing that the invoice is not genuine or that the transaction price does not reflect the real consideration. Higher prices in other imports, by themselves, are insufficient to discard the transaction value or enhance assessable value. A mere show cause notice in a cited comparable matter does not establish acceptance of a higher value, and comparable instances must be proved with reliable evidence before they can displace the declared invoice value. On that basis, enhancement of the declared value was held unsustainable and the invoice value was accepted. Case-Laws Customs Tue, 17 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88164