https://www.taxtmi.com/caselaws?id=234859 Assessable value of imported goods cannot be enhanced merely on the basis of NIDB data. Where the declared transaction value is sought to be rejected, the Revenue must first displace it with reliable contemporaneous import data or other independent evidence showing under-valuation. In the absence of such supporting material, NIDB data alone is insufficient to justify enhancement under the valuation framework. The declared value was therefore upheld and the Revenue's challenge failed. en-us Wed, 20 Mar 2013 00:00:00 +0530 Mon, 01 Jul 2013 13:45:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234859 Assessable value of imported goods cannot be enhanced merely on the basis of NIDB data. Where the declared transaction value is sought to be rejected, the Revenue must first displace it with reliable contemporaneous import data or other independent evidence showing under-valuation. In the absence of such supporting material, NIDB data alone is insufficient to justify enhancement under the valuation framework. The declared value was therefore upheld and the Revenue's challenge failed. Case-Laws Customs Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234859