https://www.taxtmi.com/caselaws?id=242953 Declared transaction value of imported goods may be rejected only on clear and cogent evidence that it is unacceptable under the valuation rules; higher values from an earlier period are insufficient without proof that the goods are comparable in quantity, quality and other material particulars. In the absence of evidence of contemporaneous imports of like goods and no material justifying rejection of the invoice value, enhancement of assessable value cannot be sustained. The declared value was therefore not liable to rejection on the record and the enhanced valuation was not justified. en-us Tue, 06 Mar 2012 00:00:00 +0530 Fri, 24 Jan 2014 09:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242953 Declared transaction value of imported goods may be rejected only on clear and cogent evidence that it is unacceptable under the valuation rules; higher values from an earlier period are insufficient without proof that the goods are comparable in quantity, quality and other material particulars. In the absence of evidence of contemporaneous imports of like goods and no material justifying rejection of the invoice value, enhancement of assessable value cannot be sustained. The declared value was therefore not liable to rejection on the record and the enhanced valuation was not justified. Case-Laws Customs Tue, 06 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242953