https://www.taxtmi.com/caselaws?id=238861 Transaction value under Section 14 of the Customs Act, 1962 read with Rule 4 of the Customs (Valuation of Imported Goods) Rules, 2007 must be accepted unless valid reasons justify rejection and sequential reassessment under Rules 5 to 9. Allegations of a cartel and reliance on journal prices were insufficient where no material was produced to prove collusion or show that declared prices were below contemporaneous import values. Journal prices are not a prescribed valuation method, and no reliable foundation was laid for immediate enhancement. On that prima facie basis, interim relief was justified, and waiver of pre-deposit with stay of recovery was granted pending appeal. en-us Mon, 22 Apr 2013 00:00:00 +0530 Fri, 07 Feb 2014 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238861 Transaction value under Section 14 of the Customs Act, 1962 read with Rule 4 of the Customs (Valuation of Imported Goods) Rules, 2007 must be accepted unless valid reasons justify rejection and sequential reassessment under Rules 5 to 9. Allegations of a cartel and reliance on journal prices were insufficient where no material was produced to prove collusion or show that declared prices were below contemporaneous import values. Journal prices are not a prescribed valuation method, and no reliable foundation was laid for immediate enhancement. On that prima facie basis, interim relief was justified, and waiver of pre-deposit with stay of recovery was granted pending appeal. Case-Laws Customs Mon, 22 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238861