https://www.taxtmi.com/caselaws?id=418382 The declared transaction value of imported fresh orchid cut flowers could not be rejected because the authorities failed to apply the customs valuation hierarchy sequentially and relied prematurely on Rule 4 without adequate reasons. The so-called consent letter was not an unconditional admission for all imports, but was limited to the relevant consignment and subject to the outcome of pending appeals. As no contemporaneous import data or NIDB material was supplied for rebuttal, the enhancement offended natural justice. The declared price therefore remained unassailable and the value enhancement was unsustainable. en-us Mon, 14 Feb 2022 00:00:00 +0530 Wed, 12 Feb 2025 17:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418382 The declared transaction value of imported fresh orchid cut flowers could not be rejected because the authorities failed to apply the customs valuation hierarchy sequentially and relied prematurely on Rule 4 without adequate reasons. The so-called consent letter was not an unconditional admission for all imports, but was limited to the relevant consignment and subject to the outcome of pending appeals. As no contemporaneous import data or NIDB material was supplied for rebuttal, the enhancement offended natural justice. The declared price therefore remained unassailable and the value enhancement was unsustainable. Case-Laws Customs Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418382