https://www.taxtmi.com/caselaws?id=368308 Customs transaction value cannot be rejected merely because imported goods were alleged to be misdescribed or misclassified where those allegations have failed. Parallel invoices and email negotiations do not establish undervaluation without evidence of extra consideration, and revaluation requires proper application of comparable-goods valuation rules, including identification of the lowest comparable value. The extended limitation period cannot rest on allegations of misdeclaration or suppression once the underlying misdeclaration and misclassification grounds are unsustainable. Consequently, the enhanced valuation fails and the demand is time-barred to the extent based on the extended period. en-us Wed, 03 Oct 2018 00:00:00 +0530 Sat, 06 Oct 2018 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368308 Customs transaction value cannot be rejected merely because imported goods were alleged to be misdescribed or misclassified where those allegations have failed. Parallel invoices and email negotiations do not establish undervaluation without evidence of extra consideration, and revaluation requires proper application of comparable-goods valuation rules, including identification of the lowest comparable value. The extended limitation period cannot rest on allegations of misdeclaration or suppression once the underlying misdeclaration and misclassification grounds are unsustainable. Consequently, the enhanced valuation fails and the demand is time-barred to the extent based on the extended period. Case-Laws Customs Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368308