https://www.taxtmi.com/caselaws?id=437500 Declared import value cannot be rejected on the basis of internal departmental letters alone where the importer accepted the value only to avoid detention and demurrage, making the consent non-voluntary. The challenge to enhancement was maintainable because the cited precedents involved voluntary acceptance without protest and were therefore distinguishable. Rejection of transaction value under the valuation rules required examination of contemporaneous import evidence, including NIDB or comparable data, which was not done. On those facts, enhancement of assessable value was not sustainable and the assessment based on the enhanced value was set aside. en-us Wed, 03 May 2023 00:00:00 +0530 Wed, 01 Nov 2023 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437500 Declared import value cannot be rejected on the basis of internal departmental letters alone where the importer accepted the value only to avoid detention and demurrage, making the consent non-voluntary. The challenge to enhancement was maintainable because the cited precedents involved voluntary acceptance without protest and were therefore distinguishable. Rejection of transaction value under the valuation rules required examination of contemporaneous import evidence, including NIDB or comparable data, which was not done. On those facts, enhancement of assessable value was not sustainable and the assessment based on the enhanced value was set aside. Case-Laws Customs Wed, 03 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437500