https://www.taxtmi.com/caselaws?id=287898 Declared import value must be accepted under Rule 3 of the Customs Valuation Rules unless its truth or accuracy is reasonably doubted; if rejected, the proper officer must follow the sequential valuation method on a reasoned evidentiary basis. Here, the re-determination was set aside because the record did not show a proper comparison with identical or similar goods and did not disclose the basis for the deductive method. Goods allegedly lacking valid IMEI particulars were also confiscated and penalised on an incomplete appreciation of the evidence, including the appellants' claim of authorisation. Both valuation and confiscation issues were remanded for de novo adjudication. en-us Mon, 13 May 2019 00:00:00 +0530 Fri, 08 May 2020 10:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287898 Declared import value must be accepted under Rule 3 of the Customs Valuation Rules unless its truth or accuracy is reasonably doubted; if rejected, the proper officer must follow the sequential valuation method on a reasoned evidentiary basis. Here, the re-determination was set aside because the record did not show a proper comparison with identical or similar goods and did not disclose the basis for the deductive method. Goods allegedly lacking valid IMEI particulars were also confiscated and penalised on an incomplete appreciation of the evidence, including the appellants' claim of authorisation. Both valuation and confiscation issues were remanded for de novo adjudication. Case-Laws Customs Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287898