https://www.taxtmi.com/caselaws?id=341862 Declared import transaction value cannot be rejected merely because a discount is questioned as non-standard; rejection requires supporting material, and any enhanced assessable value must then be determined under the Customs Valuation Rules, 1988. Where a supplier's certificate shows the discount is generally available to purchasers and the department produces no contemporaneous price data or other evidence that the discount is special, abnormal, or contrary to trade practice, suspicion is insufficient to displace the declared value. On those facts, rejection of the transaction value and consequent enhancement of assessable value were held unsustainable in favour of the assessee. en-us Thu, 19 Jan 2017 00:00:00 +0530 Mon, 13 Nov 2017 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341862 Declared import transaction value cannot be rejected merely because a discount is questioned as non-standard; rejection requires supporting material, and any enhanced assessable value must then be determined under the Customs Valuation Rules, 1988. Where a supplier's certificate shows the discount is generally available to purchasers and the department produces no contemporaneous price data or other evidence that the discount is special, abnormal, or contrary to trade practice, suspicion is insufficient to displace the declared value. On those facts, rejection of the transaction value and consequent enhancement of assessable value were held unsustainable in favour of the assessee. Case-Laws Customs Thu, 19 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341862