https://www.taxtmi.com/caselaws?id=400409 Declared transaction value for imported goods must be accepted where no special circumstances justify rejection under Section 14(1) of the Customs Act, 1962 read with Rule 3 of the Customs Valuation Rules, 2007. Prices displayed on e-commerce websites, by themselves, do not constitute contemporaneous value sufficient to displace the price actually paid to the supplier. Applying that settled valuation principle, the lower authority's acceptance of the declared value was sustained and the Revenue's basis for rejection was found unsustainable. The valuation based on transaction value therefore remained undisturbed. en-us Mon, 28 Sep 2020 00:00:00 +0530 Fri, 06 Nov 2020 09:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400409 Declared transaction value for imported goods must be accepted where no special circumstances justify rejection under Section 14(1) of the Customs Act, 1962 read with Rule 3 of the Customs Valuation Rules, 2007. Prices displayed on e-commerce websites, by themselves, do not constitute contemporaneous value sufficient to displace the price actually paid to the supplier. Applying that settled valuation principle, the lower authority's acceptance of the declared value was sustained and the Revenue's basis for rejection was found unsustainable. The valuation based on transaction value therefore remained undisturbed. Case-Laws Customs Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400409