https://www.taxtmi.com/caselaws?id=244032 Declared transaction value of imported PU belts with buckles could not be rejected where the invoice value matched the purchase price from the foreign manufacturer and Revenue produced no evidence of undervaluation or extra consideration. Transaction value remains the starting point under the Customs Valuation Rules, 2007, and can be discarded only on cogent grounds. Website prices, NIDB data and market enquiries were unreliable because the goods were not shown to be identical or comparable, and leather belts could not be equated with PU belts. Earlier imports of identical goods from the same supplier at the same price also supported acceptance of the declared value, so enhancement was unsustainable. en-us Tue, 21 Jan 2014 00:00:00 +0530 Sat, 30 Aug 2014 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244032 Declared transaction value of imported PU belts with buckles could not be rejected where the invoice value matched the purchase price from the foreign manufacturer and Revenue produced no evidence of undervaluation or extra consideration. Transaction value remains the starting point under the Customs Valuation Rules, 2007, and can be discarded only on cogent grounds. Website prices, NIDB data and market enquiries were unreliable because the goods were not shown to be identical or comparable, and leather belts could not be equated with PU belts. Earlier imports of identical goods from the same supplier at the same price also supported acceptance of the declared value, so enhancement was unsustainable. Case-Laws Customs Tue, 21 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244032