https://www.taxtmi.com/caselaws?id=421548 Transaction value under the Customs valuation regime can be rejected only on legally admissible, case-specific evidence showing reasonable doubt about its truth or accuracy. The Tribunal noted that a pen drive and extracted account statement were not proved in accordance with the requirements for electronic evidence and were unsupported by independent corroboration, so they could not sustain an undervaluation claim. It further stated that higher manufacturer invoices and recovered materials, without proof that the declared invoices were false, did not justify rejection of declared value. Duty and redetermined value also could not be extended to other imports by extrapolation or projection without independent proof for each assessment. en-us Tue, 19 Apr 2022 00:00:00 +0530 Wed, 27 Apr 2022 08:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421548 Transaction value under the Customs valuation regime can be rejected only on legally admissible, case-specific evidence showing reasonable doubt about its truth or accuracy. The Tribunal noted that a pen drive and extracted account statement were not proved in accordance with the requirements for electronic evidence and were unsupported by independent corroboration, so they could not sustain an undervaluation claim. It further stated that higher manufacturer invoices and recovered materials, without proof that the declared invoices were false, did not justify rejection of declared value. Duty and redetermined value also could not be extended to other imports by extrapolation or projection without independent proof for each assessment. Case-Laws Customs Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421548