https://www.taxtmi.com/caselaws?id=346440 Declared transaction value of imported electronic balances could not be rejected under the customs valuation framework on the basis of unsigned photocopies, unauthenticated price lists, selective NIDB data or market enquiries. The Revenue failed to prove the source and authenticity of the documents, and the comparison data related to different classes of buyers at a different commercial level. Market enquiries were treated as only corroborative and insufficient by themselves to displace the declared invoice price. In the absence of reliable evidence of undervaluation or extra payment over the declared price, the duty demand, confiscation and penalties were held unsustainable and the appeals succeeded. en-us Fri, 14 Jul 2017 00:00:00 +0530 Tue, 19 Mar 2024 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346440 Declared transaction value of imported electronic balances could not be rejected under the customs valuation framework on the basis of unsigned photocopies, unauthenticated price lists, selective NIDB data or market enquiries. The Revenue failed to prove the source and authenticity of the documents, and the comparison data related to different classes of buyers at a different commercial level. Market enquiries were treated as only corroborative and insufficient by themselves to displace the declared invoice price. In the absence of reliable evidence of undervaluation or extra payment over the declared price, the duty demand, confiscation and penalties were held unsustainable and the appeals succeeded. Case-Laws Customs Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346440