https://www.taxtmi.com/caselaws?id=279120 Declared assessable value of imported goods cannot be re-determined under Rule 5 of the Customs Valuation Rules, 2007 unless that declared value is first rejected under Rule 12 on legally sufficient evidence. CESTAT New Delhi noted that the Department had not invoked Rule 12 and had not produced evidence sufficient to displace the declared value; NIDB data and the DGOV circular could not replace the statutory requirement for rejection of value. Re-determination on that basis was therefore unsustainable, and the declared value was required to be accepted for assessment. en-us Thu, 11 Jan 2018 00:00:00 +0530 Tue, 05 Mar 2019 00:47:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279120 Declared assessable value of imported goods cannot be re-determined under Rule 5 of the Customs Valuation Rules, 2007 unless that declared value is first rejected under Rule 12 on legally sufficient evidence. CESTAT New Delhi noted that the Department had not invoked Rule 12 and had not produced evidence sufficient to displace the declared value; NIDB data and the DGOV circular could not replace the statutory requirement for rejection of value. Re-determination on that basis was therefore unsustainable, and the declared value was required to be accepted for assessment. Case-Laws Customs Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279120