https://www.taxtmi.com/caselaws?id=127041 Imported goods' declared transaction value cannot be enhanced merely by relying on benchmark price or NIDB data unless the department first rejects that value on clear and cogent evidence relating to identical or similar goods, including quantity, quality, country of origin, and the time and place of import. The commentary applies the principle that transaction value remains the starting point for customs valuation and cannot be displaced without recorded reasons and supporting evidence. On that basis, enhancement was held unjustified and the declared transaction value was accepted. en-us Wed, 01 Apr 2009 00:00:00 +0530 Tue, 12 Feb 2013 11:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127041 Imported goods' declared transaction value cannot be enhanced merely by relying on benchmark price or NIDB data unless the department first rejects that value on clear and cogent evidence relating to identical or similar goods, including quantity, quality, country of origin, and the time and place of import. The commentary applies the principle that transaction value remains the starting point for customs valuation and cannot be displaced without recorded reasons and supporting evidence. On that basis, enhancement was held unjustified and the declared transaction value was accepted. Case-Laws Customs Wed, 01 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127041