https://www.taxtmi.com/caselaws?id=414711 Unsigned and unauthenticated foreign invoices and export declarations obtained through official channels were held insufficient to prove undervaluation because they did not satisfy the evidentiary requirements for imported documents and could not support any presumption of truth. The request for cross-examination did not cure that defect, and the retracted statement based on those documents was treated as unreliable. The declared transaction value also could not be rejected, as there was no credible proof of contemporaneous higher-value imports, extra remittance, or related-person dealings justifying the residual valuation method. On that basis, the declared import value remained the correct assessable value and the demand, penalties, and redemption fine were set aside. en-us Fri, 12 Nov 2021 00:00:00 +0530 Mon, 15 Nov 2021 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414711 Unsigned and unauthenticated foreign invoices and export declarations obtained through official channels were held insufficient to prove undervaluation because they did not satisfy the evidentiary requirements for imported documents and could not support any presumption of truth. The request for cross-examination did not cure that defect, and the retracted statement based on those documents was treated as unreliable. The declared transaction value also could not be rejected, as there was no credible proof of contemporaneous higher-value imports, extra remittance, or related-person dealings justifying the residual valuation method. On that basis, the declared import value remained the correct assessable value and the demand, penalties, and redemption fine were set aside. Case-Laws Customs Fri, 12 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414711