https://www.taxtmi.com/caselaws?id=362726 Declared transaction value for imported dog food and snacks could not be rejected merely on website prices or market inquiry without concrete evidence and compliance with the customs valuation hierarchy. The Tribunal held that the Customs Valuation Rules, 2007 had to be applied sequentially, with contemporaneous prices of similar goods under Rule 5 considered before resorting to Rule 7. As contemporaneous NIDB data showed values comparable to the declared prices and no acceptable basis existed to show extra payment to the supplier, the enhancement of value and resulting duty demand were unsustainable. en-us Wed, 06 Jun 2018 00:00:00 +0530 Mon, 02 Jul 2018 11:03:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362726 Declared transaction value for imported dog food and snacks could not be rejected merely on website prices or market inquiry without concrete evidence and compliance with the customs valuation hierarchy. The Tribunal held that the Customs Valuation Rules, 2007 had to be applied sequentially, with contemporaneous prices of similar goods under Rule 5 considered before resorting to Rule 7. As contemporaneous NIDB data showed values comparable to the declared prices and no acceptable basis existed to show extra payment to the supplier, the enhancement of value and resulting duty demand were unsustainable. Case-Laws Customs Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362726