https://www.taxtmi.com/caselaws?id=88661 Declared transaction value remains the normal basis for customs valuation unless the authority first rejects it on valid and reasonable grounds. Best judgment valuation under Rule 8 cannot be applied merely by enhancing the price on a proportional basis or by comparing imported parts with the value of a complete article. In the absence of material showing undervaluation, suppression, manipulation, or other legally sustainable reasons to discard the invoice value, enhancement is not justified and Rule 8 valuation is impermissible. The principle stated is that rejection of transaction value must precede any resort to best judgment valuation. en-us Tue, 12 May 1998 00:00:00 +0530 Tue, 20 Sep 2011 13:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88661 Declared transaction value remains the normal basis for customs valuation unless the authority first rejects it on valid and reasonable grounds. Best judgment valuation under Rule 8 cannot be applied merely by enhancing the price on a proportional basis or by comparing imported parts with the value of a complete article. In the absence of material showing undervaluation, suppression, manipulation, or other legally sustainable reasons to discard the invoice value, enhancement is not justified and Rule 8 valuation is impermissible. The principle stated is that rejection of transaction value must precede any resort to best judgment valuation. Case-Laws Customs Tue, 12 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88661