https://www.taxtmi.com/caselaws?id=125660 Declared transaction value of imported silk fabrics cannot be rejected under Rule 10A of the Customs (Valuation) Rules, 1988 unless the department shows concrete, case-specific material creating reasonable doubt about truth or accuracy. Mere suspicion based on past conduct, without incriminating documents, admission of under-invoicing, or proof that the declared prices matched relied-upon imports, is insufficient. Imports separated by six to twelve months were not contemporaneous comparable imports, especially where the price of silk fabrics was shown to fluctuate over time. On these facts, rejection of value was unjustified and the demand, confiscation and penalties were unsustainable. en-us Fri, 17 Oct 2008 00:00:00 +0530 Sat, 27 Oct 2012 13:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125660 Declared transaction value of imported silk fabrics cannot be rejected under Rule 10A of the Customs (Valuation) Rules, 1988 unless the department shows concrete, case-specific material creating reasonable doubt about truth or accuracy. Mere suspicion based on past conduct, without incriminating documents, admission of under-invoicing, or proof that the declared prices matched relied-upon imports, is insufficient. Imports separated by six to twelve months were not contemporaneous comparable imports, especially where the price of silk fabrics was shown to fluctuate over time. On these facts, rejection of value was unjustified and the demand, confiscation and penalties were unsustainable. Case-Laws Central Excise Fri, 17 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125660