https://www.taxtmi.com/caselaws?id=325752 The declared transaction value of imported goods can be rejected only on reliable evidence; contemporaneous imports must be shown with sufficient particulars, including importer identity, quantity, grade, quality and unit price, before any enhancement is justified. Here, the Revenue relied on alleged contemporaneous imports without disclosing adequate particulars, while the importer produced material showing acceptance of the same or similar declared values in other imports and the Revenue produced no contrary evidence. The rejection of the declared value was therefore found unsustainable, and the declared value was accepted as the proper transaction value. en-us Wed, 02 Mar 2016 00:00:00 +0530 Sat, 15 Oct 2016 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325752 The declared transaction value of imported goods can be rejected only on reliable evidence; contemporaneous imports must be shown with sufficient particulars, including importer identity, quantity, grade, quality and unit price, before any enhancement is justified. Here, the Revenue relied on alleged contemporaneous imports without disclosing adequate particulars, while the importer produced material showing acceptance of the same or similar declared values in other imports and the Revenue produced no contrary evidence. The rejection of the declared value was therefore found unsustainable, and the declared value was accepted as the proper transaction value. Case-Laws Customs Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325752