https://www.taxtmi.com/caselaws?id=432365 Declared export FOB value cannot be rejected and re-determined on market enquiry alone for drawback purposes unless the proper officer first records cogent reasons to doubt the declared transaction value and satisfies the safeguards under the Customs Valuation Rules. Re-determination under the residual method cannot replace that threshold inquiry, and the absence of contemporaneous export data, relationship concerns, cash-flow issues, or other infirmities in the transaction value makes straightaway market enquiry-based revaluation impermissible. The declared value was therefore required to be accepted. en-us Fri, 16 Dec 2022 00:00:00 +0530 Tue, 03 Jan 2023 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432365 Declared export FOB value cannot be rejected and re-determined on market enquiry alone for drawback purposes unless the proper officer first records cogent reasons to doubt the declared transaction value and satisfies the safeguards under the Customs Valuation Rules. Re-determination under the residual method cannot replace that threshold inquiry, and the absence of contemporaneous export data, relationship concerns, cash-flow issues, or other infirmities in the transaction value makes straightaway market enquiry-based revaluation impermissible. The declared value was therefore required to be accepted. Case-Laws Customs Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432365