https://www.taxtmi.com/caselaws?id=379666 Transaction value under the customs valuation regime cannot be enhanced merely on the basis of a departmental alert circular and LME prices; rejection of the invoice value requires cogent reasons and supporting material, including contemporaneous imports of identical or similar goods where available. In the absence of evidence of any extra payment and without a proper order rejecting the declared value under the valuation rules, the enhancement was unsustainable. The declared transaction value was therefore required to be accepted, and the demand based on the enhanced valuation was set aside. en-us Mon, 08 Apr 2019 00:00:00 +0530 Mon, 06 May 2019 08:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379666 Transaction value under the customs valuation regime cannot be enhanced merely on the basis of a departmental alert circular and LME prices; rejection of the invoice value requires cogent reasons and supporting material, including contemporaneous imports of identical or similar goods where available. In the absence of evidence of any extra payment and without a proper order rejecting the declared value under the valuation rules, the enhancement was unsustainable. The declared transaction value was therefore required to be accepted, and the demand based on the enhanced valuation was set aside. Case-Laws Customs Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379666