https://www.taxtmi.com/caselaws?id=114888 Declared import value cannot be rejected unless the valuation record provides a consistent and legally sustainable basis, and the importer is first informed in writing of the grounds for doubting the truth or accuracy of the declared value under Rule 10A(2). Here, contemporaneous data on identical or similar goods was available, but the rejection rested on an incorrect factual premise and internally inconsistent reasoning, while the required written notice was not issued. The valuation exercise was therefore held unsustainable, and the impugned order was set aside with remand for fresh adjudication in accordance with law. en-us Mon, 08 Nov 2004 00:00:00 +0530 Mon, 21 May 2012 18:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114888 Declared import value cannot be rejected unless the valuation record provides a consistent and legally sustainable basis, and the importer is first informed in writing of the grounds for doubting the truth or accuracy of the declared value under Rule 10A(2). Here, contemporaneous data on identical or similar goods was available, but the rejection rested on an incorrect factual premise and internally inconsistent reasoning, while the required written notice was not issued. The valuation exercise was therefore held unsustainable, and the impugned order was set aside with remand for fresh adjudication in accordance with law. Case-Laws Customs Mon, 08 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114888