https://www.taxtmi.com/caselaws?id=338487 Declared transaction value supported by supplier certificate, price list, and surrounding contemporaneous documents could not be rejected merely on the basis of a recovered invoice showing a higher figure, especially where that invoice was contradicted by the supplier's clarification. In the absence of reliable contemporaneous imports or other valid evidence to displace the declared price, customs authorities were required to apply the valuation rules sequentially before enhancing assessable value. On that basis, enhancement of value was unjustified and the confiscation, duty demand, and penalty could not stand. en-us Mon, 23 Jan 2017 00:00:00 +0530 Wed, 23 Aug 2017 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338487 Declared transaction value supported by supplier certificate, price list, and surrounding contemporaneous documents could not be rejected merely on the basis of a recovered invoice showing a higher figure, especially where that invoice was contradicted by the supplier's clarification. In the absence of reliable contemporaneous imports or other valid evidence to displace the declared price, customs authorities were required to apply the valuation rules sequentially before enhancing assessable value. On that basis, enhancement of value was unjustified and the confiscation, duty demand, and penalty could not stand. Case-Laws Customs Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338487