https://www.taxtmi.com/caselaws?id=349711 Customs transaction value for imported steel scrap cannot be displaced by contemporaneous import prices unless the declared value is first lawfully rejected on a recorded basis and undervaluation is supported by cogent, comparable evidence. Mere reliance on other imports, without proof of identity, comparability, or any laboratory or sampling support, is insufficient. Payment of duty to avoid detention and demurrage does not amount to acceptance of the enhanced value. CESTAT Chandigarh therefore held the value enhancement unsustainable, set aside the assessment orders, and granted relief to the assessee. en-us Tue, 17 Oct 2017 00:00:00 +0530 Tue, 21 Nov 2017 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349711 Customs transaction value for imported steel scrap cannot be displaced by contemporaneous import prices unless the declared value is first lawfully rejected on a recorded basis and undervaluation is supported by cogent, comparable evidence. Mere reliance on other imports, without proof of identity, comparability, or any laboratory or sampling support, is insufficient. Payment of duty to avoid detention and demurrage does not amount to acceptance of the enhanced value. CESTAT Chandigarh therefore held the value enhancement unsustainable, set aside the assessment orders, and granted relief to the assessee. Case-Laws Customs Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349711