https://www.taxtmi.com/caselaws?id=392431 Declared transaction value under customs valuation cannot be rejected unless Revenue produces credible evidence of undervaluation and follows the prescribed rejection procedure; in the absence of independent proof such as comparable imports or additional consideration, the invoice value must be accepted for assessment. Where imported goods remain under detention by the proper officer during investigation, the cargo-handling regulations exempt the importer from rent and demurrage for that period. On these principles, the declared value was directed to be adopted and the ancillary demurrage relief followed. en-us Wed, 12 Feb 2020 00:00:00 +0530 Fri, 20 Nov 2020 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392431 Declared transaction value under customs valuation cannot be rejected unless Revenue produces credible evidence of undervaluation and follows the prescribed rejection procedure; in the absence of independent proof such as comparable imports or additional consideration, the invoice value must be accepted for assessment. Where imported goods remain under detention by the proper officer during investigation, the cargo-handling regulations exempt the importer from rent and demurrage for that period. On these principles, the declared value was directed to be adopted and the ancillary demurrage relief followed. Case-Laws Customs Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392431