https://www.taxtmi.com/caselaws?id=390695 Declared transaction value may not be rejected merely by reference to another importer's earlier imports unless the comparison is truly comparable on supplier, quantity, quality and time, and cogent reasons are recorded for discarding the declared value; on those facts, the comparative valuation was found insufficient. Valuation must also follow the prescribed sequential scheme under the Customs Valuation Rules, 1988, and the importer must receive a fair opportunity to respond before enhancement is finalised; compressed notice and hearing that defeat effective reply offend natural justice. The demand was therefore unsustainable where the process bypassed the required valuation steps and did not properly address the declared retail sale price. en-us Fri, 09 Aug 2019 00:00:00 +0530 Fri, 10 Jan 2020 06:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390695 Declared transaction value may not be rejected merely by reference to another importer's earlier imports unless the comparison is truly comparable on supplier, quantity, quality and time, and cogent reasons are recorded for discarding the declared value; on those facts, the comparative valuation was found insufficient. Valuation must also follow the prescribed sequential scheme under the Customs Valuation Rules, 1988, and the importer must receive a fair opportunity to respond before enhancement is finalised; compressed notice and hearing that defeat effective reply offend natural justice. The demand was therefore unsustainable where the process bypassed the required valuation steps and did not properly address the declared retail sale price. Case-Laws Customs Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390695