https://www.taxtmi.com/caselaws?id=354447 Declared transaction value of imported poppy seeds could not be enhanced on the basis of Public Ledger prices, Comtrade data, Spice Weekly references, or country-of-origin prices, because that material did not properly displace the declared value and was inconsistent with the Customs Valuation Rules. Value cannot be fixed by domestic market prices in the country of exportation or by arbitrary or fictitious benchmarks, and the lower authorities' reliance on such material was found insufficient. The adjudication also went beyond the scope of the show-cause notice. On that basis, the valuation enhancement was held unsustainable and the assessee's appeals were allowed. en-us Tue, 10 Oct 2017 00:00:00 +0530 Mon, 29 Jan 2018 08:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354447 Declared transaction value of imported poppy seeds could not be enhanced on the basis of Public Ledger prices, Comtrade data, Spice Weekly references, or country-of-origin prices, because that material did not properly displace the declared value and was inconsistent with the Customs Valuation Rules. Value cannot be fixed by domestic market prices in the country of exportation or by arbitrary or fictitious benchmarks, and the lower authorities' reliance on such material was found insufficient. The adjudication also went beyond the scope of the show-cause notice. On that basis, the valuation enhancement was held unsustainable and the assessee's appeals were allowed. Case-Laws Customs Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354447