https://www.taxtmi.com/caselaws?id=333060 Declared transaction value of imported goods cannot be enhanced on the basis of NIDB data alone unless the Revenue first produces independent and cogent evidence that the invoice value is incorrect. Comparable imports must be shown to match in material respects, including type, quality and characteristics; goods in the same broad category are not enough. A Chartered Engineer's report based only on visual inspection, without cross-examination or supporting material, is not decisive. In the absence of evidence of additional consideration or other independent proof, rejection of the declared value and the resulting duty demand and penalties are not sustainable. en-us Wed, 24 Aug 2016 00:00:00 +0530 Sat, 19 Aug 2017 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333060 Declared transaction value of imported goods cannot be enhanced on the basis of NIDB data alone unless the Revenue first produces independent and cogent evidence that the invoice value is incorrect. Comparable imports must be shown to match in material respects, including type, quality and characteristics; goods in the same broad category are not enough. A Chartered Engineer's report based only on visual inspection, without cross-examination or supporting material, is not decisive. In the absence of evidence of additional consideration or other independent proof, rejection of the declared value and the resulting duty demand and penalties are not sustainable. Case-Laws Customs Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333060