https://www.taxtmi.com/caselaws?id=89617 Under Section 14 of the Customs Act and Rule 4 of the Customs Valuation Rules, the declared transaction value is ordinarily to be accepted unless reliable material shows undervaluation or that the transaction was not in the normal course of business. A third-party paper and statements, without proof that the person was the importer's agent or that the document related to the disputed consignment, were insufficient. In the absence of independent evidence of contemporaneous higher imports, the declared value could not be rejected on suspicion. The valuation enhancement was therefore unsustainable and was set aside in favour of the assessee. en-us Thu, 22 Oct 1998 00:00:00 +0530 Wed, 28 Sep 2011 14:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89617 Under Section 14 of the Customs Act and Rule 4 of the Customs Valuation Rules, the declared transaction value is ordinarily to be accepted unless reliable material shows undervaluation or that the transaction was not in the normal course of business. A third-party paper and statements, without proof that the person was the importer's agent or that the document related to the disputed consignment, were insufficient. In the absence of independent evidence of contemporaneous higher imports, the declared value could not be rejected on suspicion. The valuation enhancement was therefore unsustainable and was set aside in favour of the assessee. Case-Laws Customs Thu, 22 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89617