https://www.taxtmi.com/caselaws?id=338225 Declared transaction value may be rejected under Rule 12 of the Customs Valuation Rules, 2007 where higher invoiced prices are admitted, but any enhancement of assessable value must then follow the prescribed sequential valuation rules; failure to do so renders the enhancement unsustainable. Imported goods requiring assembly and further testing before sale were treated as outside the statutory retail-sale and MRP framework, so additional duty under section 4A of the Central Excise Act, 1944 could not be levied. On that basis, the duty demand failed and the consequential confiscation and penalties also could not stand. en-us Tue, 19 Jul 2016 00:00:00 +0530 Tue, 14 Nov 2017 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338225 Declared transaction value may be rejected under Rule 12 of the Customs Valuation Rules, 2007 where higher invoiced prices are admitted, but any enhancement of assessable value must then follow the prescribed sequential valuation rules; failure to do so renders the enhancement unsustainable. Imported goods requiring assembly and further testing before sale were treated as outside the statutory retail-sale and MRP framework, so additional duty under section 4A of the Central Excise Act, 1944 could not be levied. On that basis, the duty demand failed and the consequential confiscation and penalties also could not stand. Case-Laws Customs Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338225