https://www.taxtmi.com/caselaws?id=109796 Declared transaction value must be accepted for customs valuation where it reflects the actual agreed price and no recognised exception to the transaction value rule is shown; enhancement based only on a higher contemporaneous import price was unsustainable. The refund of duty collected in excess could not be finally granted on the basis of a chartered accountant's certificate alone, because further verification was required on unjust enrichment and possible credit to the Consumer Welfare Fund. The valuation issue was decided in favour of the importer, while the refund question was remanded for fresh determination by the adjudicating authority. en-us Wed, 29 Jan 2003 00:00:00 +0530 Wed, 11 Apr 2012 18:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109796 Declared transaction value must be accepted for customs valuation where it reflects the actual agreed price and no recognised exception to the transaction value rule is shown; enhancement based only on a higher contemporaneous import price was unsustainable. The refund of duty collected in excess could not be finally granted on the basis of a chartered accountant's certificate alone, because further verification was required on unjust enrichment and possible credit to the Consumer Welfare Fund. The valuation issue was decided in favour of the importer, while the refund question was remanded for fresh determination by the adjudicating authority. Case-Laws Customs Wed, 29 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109796