https://www.taxtmi.com/caselaws?id=395693 Declared transaction value under the customs valuation scheme can be displaced only on legally recorded and evidentiary grounds, with contemporaneous import data used before resorting to sequential valuation. Enhancement of aluminium scrap value based merely on a valuation alert, LME-derived benchmark pricing, and an importer's consent letter was held unsustainable because the invoice value had not been independently shown false or unacceptable. The assessment and appellate orders were set aside, and the importer succeeded on the valuation issue. en-us Fri, 29 May 2020 00:00:00 +0530 Tue, 09 Feb 2021 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395693 Declared transaction value under the customs valuation scheme can be displaced only on legally recorded and evidentiary grounds, with contemporaneous import data used before resorting to sequential valuation. Enhancement of aluminium scrap value based merely on a valuation alert, LME-derived benchmark pricing, and an importer's consent letter was held unsustainable because the invoice value had not been independently shown false or unacceptable. The assessment and appellate orders were set aside, and the importer succeeded on the valuation issue. Case-Laws Customs Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395693