https://www.taxtmi.com/caselaws?id=263150 Imported goods cannot be enhanced to a higher value unless the Department produces reliable contemporaneous import evidence or other cogent material supporting that valuation. Here, the record did not show comparable imports of identical or similar goods, and the material relied on was only a general fair-value report through various Indian ports. In the absence of rebuttal material to displace the Tribunal's factual finding, the higher valuation was unsupported and the importer's declared value remained binding. The challenge to the Tribunal's order therefore failed, and the appeal was dismissed. en-us Fri, 07 Aug 2015 00:00:00 +0530 Wed, 30 Dec 2015 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263150 Imported goods cannot be enhanced to a higher value unless the Department produces reliable contemporaneous import evidence or other cogent material supporting that valuation. Here, the record did not show comparable imports of identical or similar goods, and the material relied on was only a general fair-value report through various Indian ports. In the absence of rebuttal material to displace the Tribunal's factual finding, the higher valuation was unsupported and the importer's declared value remained binding. The challenge to the Tribunal's order therefore failed, and the appeal was dismissed. Case-Laws Customs Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263150