https://www.taxtmi.com/caselaws?id=190379 Declared import value was accepted as the transaction value because the invoice price was supported by the letter of credit, comparative consignments and other records, while the Revenue lacked material to justify rejection under the Customs Valuation Rules, 1988. The enhanced valuation was therefore not sustained. The refund arising from reassessment was also not barred by unjust enrichment because the assessee showed through accounts, chartered accountant's certificate and related records that the duty burden had not been passed on. Credit to the Consumer Welfare Fund was unwarranted, and the refund was payable to the assessee. en-us Fri, 05 Jun 2015 00:00:00 +0530 Tue, 14 Feb 2017 08:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190379 Declared import value was accepted as the transaction value because the invoice price was supported by the letter of credit, comparative consignments and other records, while the Revenue lacked material to justify rejection under the Customs Valuation Rules, 1988. The enhanced valuation was therefore not sustained. The refund arising from reassessment was also not barred by unjust enrichment because the assessee showed through accounts, chartered accountant's certificate and related records that the duty burden had not been passed on. Credit to the Consumer Welfare Fund was unwarranted, and the refund was payable to the assessee. Case-Laws Customs Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190379