https://www.taxtmi.com/caselaws?id=343000 Valuation enhancement under the Customs Valuation Rules cannot be sustained unless the nature of the imported goods and the factual basis for loading the declared value are clearly established on the record. The record here did not clearly show what had been imported, the declared value, or whether the goods were machinery, designs, prototypes, or other items, and the authorities relied on assumptions from a licence arrangement and cross-holding. Because the essential factual foundation for invoking value loading was missing, the enhanced assessable value was not upheld and the importer's challenge succeeded. en-us Mon, 03 Apr 2017 00:00:00 +0530 Wed, 17 May 2017 07:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343000 Valuation enhancement under the Customs Valuation Rules cannot be sustained unless the nature of the imported goods and the factual basis for loading the declared value are clearly established on the record. The record here did not clearly show what had been imported, the declared value, or whether the goods were machinery, designs, prototypes, or other items, and the authorities relied on assumptions from a licence arrangement and cross-holding. Because the essential factual foundation for invoking value loading was missing, the enhanced assessable value was not upheld and the importer's challenge succeeded. Case-Laws Customs Mon, 03 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343000