https://www.taxtmi.com/caselaws?id=340513 Declared assessable value cannot be enhanced unless the transaction value is first rejected on lawful grounds under the Customs Valuation Rules, 2007. Rule 12 permits rejection only where valid reasons are recorded, and the order must disclose the basis and the relevant provisions of the Customs Act supporting that rejection. Where the assessing authority enhances value without such reasons, the enhancement is unsustainable, and the appellate order setting it aside is properly maintained in favour of the assessee. en-us Thu, 09 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340513 Declared assessable value cannot be enhanced unless the transaction value is first rejected on lawful grounds under the Customs Valuation Rules, 2007. Rule 12 permits rejection only where valid reasons are recorded, and the order must disclose the basis and the relevant provisions of the Customs Act supporting that rejection. Where the assessing authority enhances value without such reasons, the enhancement is unsustainable, and the appellate order setting it aside is properly maintained in favour of the assessee. Case-Laws Customs Thu, 09 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340513