https://www.taxtmi.com/caselaws?id=269485 Customs valuation enhancement under Rule 8 was found unsupported because the only supporting market inquiry report lacked signatures of both the customs officer and the importer's representative, reducing its evidentiary value. Contemporaneous import data, if relied upon, should have been examined under the preceding valuation rules rather than by a Rule 8 loading exercise. The absence of a reliable contemporaneous-basis valuation exercise and the infirmity in the inquiry report meant the redetermination lacked a proper foundation, so the enhancement was not sustained and the consequential confiscation and penalty were not disturbed. en-us Wed, 19 Nov 2014 00:00:00 +0530 Tue, 15 Dec 2015 20:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269485 Customs valuation enhancement under Rule 8 was found unsupported because the only supporting market inquiry report lacked signatures of both the customs officer and the importer's representative, reducing its evidentiary value. Contemporaneous import data, if relied upon, should have been examined under the preceding valuation rules rather than by a Rule 8 loading exercise. The absence of a reliable contemporaneous-basis valuation exercise and the infirmity in the inquiry report meant the redetermination lacked a proper foundation, so the enhancement was not sustained and the consequential confiscation and penalty were not disturbed. Case-Laws Customs Wed, 19 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269485