https://www.taxtmi.com/caselaws?id=207900 Declared transaction value for imported goods cannot be rejected unless customs authorities first record legally sustainable reasons and support them with clear, cogent evidence. Where the bill of entry contains no reasons for rejection, no speaking order is passed, and no evidence of contemporaneous imports or comparable quantities is produced, enhancement of value is not justified. Mere upward revision of the invoice value, without demonstrating that the declared value is unacceptable under customs valuation principles, is insufficient. The enhancement was set aside. en-us Tue, 21 Jun 2011 00:00:00 +0530 Wed, 22 Feb 2012 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207900 Declared transaction value for imported goods cannot be rejected unless customs authorities first record legally sustainable reasons and support them with clear, cogent evidence. Where the bill of entry contains no reasons for rejection, no speaking order is passed, and no evidence of contemporaneous imports or comparable quantities is produced, enhancement of value is not justified. Mere upward revision of the invoice value, without demonstrating that the declared value is unacceptable under customs valuation principles, is insufficient. The enhancement was set aside. Case-Laws Customs Tue, 21 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207900