https://www.taxtmi.com/caselaws?id=102300 Declared transaction value under the Customs Valuation Rules could not be rejected or enhanced without the prescribed statutory exercise under Rule 10A, and a mere reference to marginally higher prices of similar goods was insufficient, especially where marble values vary by origin, colour and quality. On that basis, the enhancement of import value was held unjustified. For redemption fine and penalty, actual sale invoices for the same goods showed substantial sales that could properly inform the margin of profit, so the estimated profit margin was reduced and the fine and penalty were correspondingly brought down. en-us Fri, 09 Nov 2001 00:00:00 +0530 Tue, 14 Feb 2012 13:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102300 Declared transaction value under the Customs Valuation Rules could not be rejected or enhanced without the prescribed statutory exercise under Rule 10A, and a mere reference to marginally higher prices of similar goods was insufficient, especially where marble values vary by origin, colour and quality. On that basis, the enhancement of import value was held unjustified. For redemption fine and penalty, actual sale invoices for the same goods showed substantial sales that could properly inform the margin of profit, so the estimated profit margin was reduced and the fine and penalty were correspondingly brought down. Case-Laws Customs Fri, 09 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102300