https://www.taxtmi.com/caselaws?id=329545 Declared transaction value under the customs valuation scheme can be rejected only if the Department establishes a recognised exception and supports that rejection with cogent evidence. On the facts, the importer's declared value was backed by back-to-back commercial documents, a negotiated bundled price, and assessment of identical goods for the same supplier and customer by another Customs House at Kolkata. The Department failed to show contemporaneous higher-priced imports or any other disqualifying circumstance, and a higher discount by itself was insufficient where quantity discount and package pricing were commercially explained and documented. The declared transaction value was therefore required to be accepted. en-us Sun, 07 Feb 2016 00:00:00 +0530 Fri, 10 Feb 2017 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329545 Declared transaction value under the customs valuation scheme can be rejected only if the Department establishes a recognised exception and supports that rejection with cogent evidence. On the facts, the importer's declared value was backed by back-to-back commercial documents, a negotiated bundled price, and assessment of identical goods for the same supplier and customer by another Customs House at Kolkata. The Department failed to show contemporaneous higher-priced imports or any other disqualifying circumstance, and a higher discount by itself was insufficient where quantity discount and package pricing were commercially explained and documented. The declared transaction value was therefore required to be accepted. Case-Laws Customs Sun, 07 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329545