https://www.taxtmi.com/caselaws?id=88326 Transaction value remains the normal basis for customs valuation and may be rejected only on valid grounds. For imported umbrella components, the Revenue failed to establish a reliable basis for discarding the declared value or for applying best judgment valuation under Rule 8 of the Customs (Valuation) Rules, 1988. The pro rata enhancement adopted by the lower authorities was therefore not sustainable, and the declared transaction value could not be rejected on the facts stated. en-us Fri, 06 Feb 1998 00:00:00 +0530 Fri, 16 Sep 2011 18:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88326 Transaction value remains the normal basis for customs valuation and may be rejected only on valid grounds. For imported umbrella components, the Revenue failed to establish a reliable basis for discarding the declared value or for applying best judgment valuation under Rule 8 of the Customs (Valuation) Rules, 1988. The pro rata enhancement adopted by the lower authorities was therefore not sustainable, and the declared transaction value could not be rejected on the facts stated. Case-Laws Customs Fri, 06 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88326