https://www.taxtmi.com/caselaws?id=102690 Declared customs transaction value cannot be enhanced by an arbitrary loading unless the authority substantiates the departure with cogent material and a reasoned basis. Here, the 5% loading of the declared import price was unsupported by any discernible evidence, and the remand direction requiring disclosure of the basis to the assessee was not complied with. The appellate authority also failed to examine that non-compliance. In the absence of other material justifying enhancement, the declared transaction value had to be accepted and the assessment founded on the loading was set aside. en-us Fri, 04 Jan 2002 00:00:00 +0530 Wed, 15 Feb 2012 17:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102690 Declared customs transaction value cannot be enhanced by an arbitrary loading unless the authority substantiates the departure with cogent material and a reasoned basis. Here, the 5% loading of the declared import price was unsupported by any discernible evidence, and the remand direction requiring disclosure of the basis to the assessee was not complied with. The appellate authority also failed to examine that non-compliance. In the absence of other material justifying enhancement, the declared transaction value had to be accepted and the assessment founded on the loading was set aside. Case-Laws Central Excise Fri, 04 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102690