https://www.taxtmi.com/caselaws?id=31243 Declared transaction value in customs valuation could not be rejected on the materials relied upon by Revenue where Rule 10(b) was satisfied and no recorded reason existed to disbelieve the declared value. Contemporaneous imports did not support enhancement, as the record did not show higher-priced imports from the same supplier after the subject import. Sequential application of the Customs Valuation Rules can begin only after the transaction value is first rejected, consistent with the principle in Eicher Tractors. On these facts, the assessable value could not be enhanced and the declared value remained undisturbed. en-us Thu, 15 May 2008 00:00:00 +0530 Fri, 24 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31243 Declared transaction value in customs valuation could not be rejected on the materials relied upon by Revenue where Rule 10(b) was satisfied and no recorded reason existed to disbelieve the declared value. Contemporaneous imports did not support enhancement, as the record did not show higher-priced imports from the same supplier after the subject import. Sequential application of the Customs Valuation Rules can begin only after the transaction value is first rejected, consistent with the principle in Eicher Tractors. On these facts, the assessable value could not be enhanced and the declared value remained undisturbed. Case-Laws Customs Thu, 15 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31243