https://www.taxtmi.com/caselaws?id=1665 HC analyzed customs valuation principles under the Customs Act, 1962. The court held that invoice price is prima facie evidence of transaction value. The Department must provide cogent evidence of under-valuation through contemporaneous imports at higher prices before rejecting declared value. Uncertified xerox copies and mere suspicion are insufficient. The court emphasized sequential application of valuation rules and rejected arbitrary enhancement of assessable value without substantive proof. en-us Mon, 09 Jul 2007 00:00:00 +0530 Thu, 22 May 2025 10:46:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1665 HC analyzed customs valuation principles under the Customs Act, 1962. The court held that invoice price is prima facie evidence of transaction value. The Department must provide cogent evidence of under-valuation through contemporaneous imports at higher prices before rejecting declared value. Uncertified xerox copies and mere suspicion are insufficient. The court emphasized sequential application of valuation rules and rejected arbitrary enhancement of assessable value without substantive proof. Case-Laws Customs Mon, 09 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1665