https://www.taxtmi.com/caselaws?id=105566 Customs authorities could not reject the declared transaction value where enhancement rested solely on an unverified market survey that did not disclose the source, collector, timing, or basis of the prices recorded. The report was treated as an unsupported projection from the declared prices and lacked the reliability needed to displace the declared value. Contemporaneous import data for similar goods further weakened the valuation enhancement. Because the alleged misdeclaration depended only on this defective valuation exercise, the confiscation, redemption fine, and penalties were unsustainable and could not survive. en-us Wed, 12 Dec 2001 00:00:00 +0530 Tue, 06 Mar 2012 12:26:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105566 Customs authorities could not reject the declared transaction value where enhancement rested solely on an unverified market survey that did not disclose the source, collector, timing, or basis of the prices recorded. The report was treated as an unsupported projection from the declared prices and lacked the reliability needed to displace the declared value. Contemporaneous import data for similar goods further weakened the valuation enhancement. Because the alleged misdeclaration depended only on this defective valuation exercise, the confiscation, redemption fine, and penalties were unsustainable and could not survive. Case-Laws Customs Wed, 12 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105566