https://www.taxtmi.com/caselaws?id=241377 Declared transaction value in customs valuation can be rejected only on cogent, legally sustainable grounds supported by evidence. Enhancement of assessable value requires record material showing why the declared value is not acceptable, including proper comparison with contemporaneous imports on relevant factors such as quality, quantity, origin, and time of import. Mere reliance on NIDB data or a general revenue guideline is insufficient to justify enhancement. In the absence of convincing evidence that the declared value was not the true commercial value, rejection of the transaction value was not warranted and the proposed enhancement was unsustainable. en-us Thu, 19 Apr 2012 00:00:00 +0530 Mon, 23 Dec 2013 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241377 Declared transaction value in customs valuation can be rejected only on cogent, legally sustainable grounds supported by evidence. Enhancement of assessable value requires record material showing why the declared value is not acceptable, including proper comparison with contemporaneous imports on relevant factors such as quality, quantity, origin, and time of import. Mere reliance on NIDB data or a general revenue guideline is insufficient to justify enhancement. In the absence of convincing evidence that the declared value was not the true commercial value, rejection of the transaction value was not warranted and the proposed enhancement was unsustainable. Case-Laws Customs Thu, 19 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241377