https://www.taxtmi.com/caselaws?id=178708 Customs authorities may examine the truthfulness of the declared export value in a shipping bill for export assessment and DEPB-related consequences, including where no export duty is leviable. If the declared transaction value is doubted, the burden lies on Revenue to justify rejection, and revaluation must follow the sequential method under the Customs Valuation Rules, 1988; market enquiry is only a last resort when contemporaneous data is unavailable. The Tribunal also rejected the limitation plea, holding that the adjudication was not vitiated merely by lapse of time in an alleged overvaluation case with DEPB implications. en-us Wed, 14 Jan 2015 00:00:00 +0530 Thu, 11 Feb 2016 01:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178708 Customs authorities may examine the truthfulness of the declared export value in a shipping bill for export assessment and DEPB-related consequences, including where no export duty is leviable. If the declared transaction value is doubted, the burden lies on Revenue to justify rejection, and revaluation must follow the sequential method under the Customs Valuation Rules, 1988; market enquiry is only a last resort when contemporaneous data is unavailable. The Tribunal also rejected the limitation plea, holding that the adjudication was not vitiated merely by lapse of time in an alleged overvaluation case with DEPB implications. Case-Laws Customs Wed, 14 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178708