https://www.taxtmi.com/caselaws?id=429458 Review of a Committee of Commissioners order addressing rejection of declared transaction value under the Valuation Rules and re-determination of value was upheld; the challenge that section 129A(2) prescribes no time limit was rejected insofar as it did not vitiate the review. The proper officers rejection of transaction value under the Valuation Rules was sustained because the importer failed to prove lower-priced variants or supporting communications, and market survey evidence contradicted the importer. Confiscation of the imported goods for false declaration and penalties for misdeclaration and related offences were upheld, restoring the original authoritys demand and sanctions in favour of revenue. en-us Thu, 29 Sep 2022 00:00:00 +0530 Wed, 21 Jan 2026 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429458 Review of a Committee of Commissioners order addressing rejection of declared transaction value under the Valuation Rules and re-determination of value was upheld; the challenge that section 129A(2) prescribes no time limit was rejected insofar as it did not vitiate the review. The proper officers rejection of transaction value under the Valuation Rules was sustained because the importer failed to prove lower-priced variants or supporting communications, and market survey evidence contradicted the importer. Confiscation of the imported goods for false declaration and penalties for misdeclaration and related offences were upheld, restoring the original authoritys demand and sanctions in favour of revenue. Case-Laws Customs Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429458