https://www.taxtmi.com/caselaws?id=98927 In customs valuation disputes, the Revenue must prove under-valuation with cogent evidence before rejecting the declared transaction value and resorting to Rule 8 valuation. Mere suspicion, however strong, is insufficient, and in the absence of contemporaneous imports at higher values the declared value cannot be displaced. The record contained no such evidence, so the valuation challenge failed and the assessee's declared value was upheld. en-us Fri, 28 Apr 2000 00:00:00 +0530 Tue, 24 Jan 2012 16:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98927 In customs valuation disputes, the Revenue must prove under-valuation with cogent evidence before rejecting the declared transaction value and resorting to Rule 8 valuation. Mere suspicion, however strong, is insufficient, and in the absence of contemporaneous imports at higher values the declared value cannot be displaced. The record contained no such evidence, so the valuation challenge failed and the assessee's declared value was upheld. Case-Laws Customs Fri, 28 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98927