https://www.taxtmi.com/caselaws?id=348145 Declared invoice value for imported used machinery was upheld as the transaction value because the earlier valuation basis had already been set aside and the re-determination had to rest on the evidence on record. The adjudicating authority rejected the importer's documents and returned to a discredited valuation method, but the department did not satisfactorily disprove the declared price or obtain independent local verification when it doubted the foreign certificate. In these circumstances, the evidence supporting the import price remained unshaken, and the enhanced assessable value was found unsustainable. en-us Thu, 31 Aug 2017 00:00:00 +0530 Sat, 16 Sep 2017 09:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348145 Declared invoice value for imported used machinery was upheld as the transaction value because the earlier valuation basis had already been set aside and the re-determination had to rest on the evidence on record. The adjudicating authority rejected the importer's documents and returned to a discredited valuation method, but the department did not satisfactorily disprove the declared price or obtain independent local verification when it doubted the foreign certificate. In these circumstances, the evidence supporting the import price remained unshaken, and the enhanced assessable value was found unsustainable. Case-Laws Customs Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348145