https://www.taxtmi.com/caselaws?id=387485 Declared transaction value under Section 14 of the Customs Act must ordinarily be accepted as the price actually paid or payable, and the Department can depart from it only on cogent reasons and supporting evidence showing that the declared price is not the sole consideration or that comparable imports justify rejection. Mere suspicion, market trends, or unsupported enhancement is insufficient. The valuation enhancement was therefore unsustainable, and the assessment orders were liable to be set aside. en-us Tue, 22 Oct 2019 00:00:00 +0530 Thu, 24 Oct 2019 08:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387485 Declared transaction value under Section 14 of the Customs Act must ordinarily be accepted as the price actually paid or payable, and the Department can depart from it only on cogent reasons and supporting evidence showing that the declared price is not the sole consideration or that comparable imports justify rejection. Mere suspicion, market trends, or unsupported enhancement is insufficient. The valuation enhancement was therefore unsustainable, and the assessment orders were liable to be set aside. Case-Laws Customs Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387485