https://www.taxtmi.com/caselaws?id=344717 Declared transaction value for imported mulberry raw silk cannot be rejected merely because contemporaneous imports reflected a higher price. The declared invoice value was supported by contract documents, and the department failed to show any discrepancy in the contract, any relationship between the parties, or any extra consideration over the agreed price. In the absence of cogent reasons undermining the declared value, enhancement of assessable value on contemporaneous import data alone was unjustified. The earlier similar view remaining undisturbed also supported adherence to that approach, and the assessee succeeded while the department's appeals failed. en-us Tue, 20 Jun 2017 00:00:00 +0530 Thu, 17 Aug 2017 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344717 Declared transaction value for imported mulberry raw silk cannot be rejected merely because contemporaneous imports reflected a higher price. The declared invoice value was supported by contract documents, and the department failed to show any discrepancy in the contract, any relationship between the parties, or any extra consideration over the agreed price. In the absence of cogent reasons undermining the declared value, enhancement of assessable value on contemporaneous import data alone was unjustified. The earlier similar view remaining undisturbed also supported adherence to that approach, and the assessee succeeded while the department's appeals failed. Case-Laws Customs Tue, 20 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344717