https://www.taxtmi.com/caselaws?id=254706 Declared FOB export value cannot be rejected without a reasoned notice, disclosure of the basis for disbelief, and an effective opportunity to respond. Rule 8 of the Customs Valuation (Determination of Value of Export Goods) Rules, 2007 requires the authority to follow the prescribed valuation sequence and rely on cogent evidence before adopting an alternative method. Because the order did not adequately explain the rejection of the declared value and natural justice concerns were raised, the valuation determination was set aside and the matter remitted to the original authority for fresh adjudication after hearing the exporter and applying the rules correctly. en-us Thu, 08 May 2014 00:00:00 +0530 Mon, 29 Dec 2014 10:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254706 Declared FOB export value cannot be rejected without a reasoned notice, disclosure of the basis for disbelief, and an effective opportunity to respond. Rule 8 of the Customs Valuation (Determination of Value of Export Goods) Rules, 2007 requires the authority to follow the prescribed valuation sequence and rely on cogent evidence before adopting an alternative method. Because the order did not adequately explain the rejection of the declared value and natural justice concerns were raised, the valuation determination was set aside and the matter remitted to the original authority for fresh adjudication after hearing the exporter and applying the rules correctly. Case-Laws Customs Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254706