https://www.taxtmi.com/caselaws?id=1823 Imported goods are ordinarily to be assessed on transaction value under the Customs (Valuation) Rules, and that declared value may be discarded only on legally sustainable grounds. The declared values here were not shown to be unacceptable, and the enhancement was unsupported by any reasoned rejection or valid instruction, even though it was reflected as an SVB load. The description of the consignments as rejected stock lot and a small difference in walkman value did not justify adoption of a standard or notional price. Section 14 permits a notional or tariff value only in exceptional cases under section 14(2), which was not attracted, so assessment had to be made on transaction value. en-us Tue, 20 Mar 2007 00:00:00 +0530 Tue, 15 Apr 2008 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1823 Imported goods are ordinarily to be assessed on transaction value under the Customs (Valuation) Rules, and that declared value may be discarded only on legally sustainable grounds. The declared values here were not shown to be unacceptable, and the enhancement was unsupported by any reasoned rejection or valid instruction, even though it was reflected as an SVB load. The description of the consignments as rejected stock lot and a small difference in walkman value did not justify adoption of a standard or notional price. Section 14 permits a notional or tariff value only in exceptional cases under section 14(2), which was not attracted, so assessment had to be made on transaction value. Case-Laws Customs Tue, 20 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1823