https://www.taxtmi.com/caselaws?id=371679 In customs valuation, the declared transaction value is the starting point under the Customs Act and valuation rules, and the Revenue must produce cogent evidence to reject it, typically through contemporaneous comparable imports or other reliable proof that the invoice price is not the real price. On the record, no evidence of extra freight payment, contemporaneous higher-priced imports, or other dependable material was established, and the reassessment was based on assumed freight and unrelated material. The allegation of misdeclaration also failed because the recovered documents were not shown to relate to the consignments in question. As a result, the duty demand, confiscation, and penalties could not be sustained. en-us Fri, 07 Dec 2018 00:00:00 +0530 Sat, 08 Dec 2018 06:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371679 In customs valuation, the declared transaction value is the starting point under the Customs Act and valuation rules, and the Revenue must produce cogent evidence to reject it, typically through contemporaneous comparable imports or other reliable proof that the invoice price is not the real price. On the record, no evidence of extra freight payment, contemporaneous higher-priced imports, or other dependable material was established, and the reassessment was based on assumed freight and unrelated material. The allegation of misdeclaration also failed because the recovered documents were not shown to relate to the consignments in question. As a result, the duty demand, confiscation, and penalties could not be sustained. Case-Laws Customs Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371679