https://www.taxtmi.com/caselaws?id=1303 Declared transaction value is the normal basis for customs assessment and cannot be rejected unless the department establishes a recognised ground under the valuation rules showing that the price is not the real commercial transaction value. Here, the revenue failed to prove that the import price was concessional or non-commercial, and the importer supported the declared value with earlier imports at similar prices. A later import and prior market enquiry were insufficient to displace the invoice value without convincing material. The enhancement of value was therefore not legally sustainable, and the declared transaction value was to be accepted. en-us Wed, 20 Sep 2006 00:00:00 +0530 Mon, 14 Apr 2008 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1303 Declared transaction value is the normal basis for customs assessment and cannot be rejected unless the department establishes a recognised ground under the valuation rules showing that the price is not the real commercial transaction value. Here, the revenue failed to prove that the import price was concessional or non-commercial, and the importer supported the declared value with earlier imports at similar prices. A later import and prior market enquiry were insufficient to displace the invoice value without convincing material. The enhancement of value was therefore not legally sustainable, and the declared transaction value was to be accepted. Case-Laws Customs Wed, 20 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1303