https://www.taxtmi.com/caselaws?id=910 Unsigned photocopies of foreign export declarations could not, by themselves, justify rejection of the declared transaction value for customs purposes. The presumption under Section 139(ii) of the Customs Act was unavailable because the covering communications from the foreign customs authorities were not on record, and the Revenue also failed to show enquiry with the manufacturers, evidence of additional foreign exchange remittance, or other special circumstances required under Rule 4(2) of the Customs Valuation Rules to discard the transaction value. The finding of undervaluation was therefore unsustainable, and the demand, confiscation, redemption fine and penalty were set aside. en-us Mon, 14 Aug 2006 00:00:00 +0530 Sun, 13 Apr 2008 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=910 Unsigned photocopies of foreign export declarations could not, by themselves, justify rejection of the declared transaction value for customs purposes. The presumption under Section 139(ii) of the Customs Act was unavailable because the covering communications from the foreign customs authorities were not on record, and the Revenue also failed to show enquiry with the manufacturers, evidence of additional foreign exchange remittance, or other special circumstances required under Rule 4(2) of the Customs Valuation Rules to discard the transaction value. The finding of undervaluation was therefore unsustainable, and the demand, confiscation, redemption fine and penalty were set aside. Case-Laws Customs Mon, 14 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=910