https://www.taxtmi.com/caselaws?id=333497 Declared transaction value under the Customs valuation scheme cannot be enhanced merely on the basis of a DRI alert or the assessed value in another bill of entry. The declared value must first be lawfully rejected under the valuation rules, and enhancement requires supporting evidence that the declared price is not the real transaction value. An assessed value in another bill of entry, even if already enhanced by the Department, cannot by itself be treated as contemporaneous evidence of similar imports. In the absence of such evidence, reliance on the declared transaction value is required and enhancement is not sustainable. en-us Wed, 03 Aug 2016 00:00:00 +0530 Fri, 07 Apr 2017 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333497 Declared transaction value under the Customs valuation scheme cannot be enhanced merely on the basis of a DRI alert or the assessed value in another bill of entry. The declared value must first be lawfully rejected under the valuation rules, and enhancement requires supporting evidence that the declared price is not the real transaction value. An assessed value in another bill of entry, even if already enhanced by the Department, cannot by itself be treated as contemporaneous evidence of similar imports. In the absence of such evidence, reliance on the declared transaction value is required and enhancement is not sustainable. Case-Laws Customs Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333497