https://www.taxtmi.com/caselaws?id=441286 Declared transaction value under the Customs Act remained the starting point for valuation, and enhancement was not justified because the Revenue did not show reasonable doubt based on comparable commercial particulars such as quantity, quality, origin and contract context. Selective contemporaneous imports without full comparability could not support rejection of the declared value under the valuation rules. Misdeclaration also failed for want of conclusive proof of incorrect description, excess quantity, manipulated documents, extra payment, or other material misstatement. As a result, the declared value was sustained and confiscation and penalty were not warranted. en-us Thu, 03 Aug 2023 00:00:00 +0530 Sat, 03 Feb 2024 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441286 Declared transaction value under the Customs Act remained the starting point for valuation, and enhancement was not justified because the Revenue did not show reasonable doubt based on comparable commercial particulars such as quantity, quality, origin and contract context. Selective contemporaneous imports without full comparability could not support rejection of the declared value under the valuation rules. Misdeclaration also failed for want of conclusive proof of incorrect description, excess quantity, manipulated documents, extra payment, or other material misstatement. As a result, the declared value was sustained and confiscation and penalty were not warranted. Case-Laws Customs Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441286