https://www.taxtmi.com/caselaws?id=121464 Declared transaction value of imported goods cannot be rejected unless a specific ground under Rule 4(2) of the Customs Valuation Rules is established with supporting material, and contemporaneous import evidence may confirm acceptance of the declared value. Exemption under Notification No. 20/99-Cus. cannot be denied on a basis not properly set out in the notice or proved by investigation, test report, or expert evidence. Where the declared value is accepted and the exemption denial fails, no foundation remains for differential duty or penalties under Section 112(a) of the Customs Act, 1962. en-us Fri, 09 Feb 2007 00:00:00 +0530 Fri, 05 Jul 2024 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121464 Declared transaction value of imported goods cannot be rejected unless a specific ground under Rule 4(2) of the Customs Valuation Rules is established with supporting material, and contemporaneous import evidence may confirm acceptance of the declared value. Exemption under Notification No. 20/99-Cus. cannot be denied on a basis not properly set out in the notice or proved by investigation, test report, or expert evidence. Where the declared value is accepted and the exemption denial fails, no foundation remains for differential duty or penalties under Section 112(a) of the Customs Act, 1962. Case-Laws Customs Fri, 09 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121464