https://www.taxtmi.com/caselaws?id=926 Declared transaction value must be accepted under the valuation framework where the department cannot support enhancement with contemporaneous imports of identical or similar goods at a higher value. Unsupported quotations, letters, price lists, pro forma invoices, or unsigned photocopies of export declarations are insufficient to discard the declared value, especially after final assessment of the Bills of Entry. Once the valuation enhancement fails, confiscation and penalties based on that enhancement also cannot stand. en-us Thu, 24 Aug 2006 00:00:00 +0530 Sun, 13 Apr 2008 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=926 Declared transaction value must be accepted under the valuation framework where the department cannot support enhancement with contemporaneous imports of identical or similar goods at a higher value. Unsupported quotations, letters, price lists, pro forma invoices, or unsigned photocopies of export declarations are insufficient to discard the declared value, especially after final assessment of the Bills of Entry. Once the valuation enhancement fails, confiscation and penalties based on that enhancement also cannot stand. Case-Laws Customs Thu, 24 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=926