https://www.taxtmi.com/caselaws?id=441822 Rejection of declared transaction value under the Customs Valuation Rules requires a reasoned speaking order identifying the material that makes the declared value unacceptable; mere doubt is insufficient. The record did not disclose adequate reasons or supporting material to justify rejection, so the valuation could not be sustained. A precedent arising under the earlier Customs Valuation Rules, 1988 regime was also not mechanically applicable to the impugned imports under the later valuation framework. The valuation determination was therefore set aside for fresh consideration, with liberty to the importer to raise all other pleas before the original authority. en-us Thu, 03 Aug 2023 00:00:00 +0530 Fri, 18 Aug 2023 08:45:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441822 Rejection of declared transaction value under the Customs Valuation Rules requires a reasoned speaking order identifying the material that makes the declared value unacceptable; mere doubt is insufficient. The record did not disclose adequate reasons or supporting material to justify rejection, so the valuation could not be sustained. A precedent arising under the earlier Customs Valuation Rules, 1988 regime was also not mechanically applicable to the impugned imports under the later valuation framework. The valuation determination was therefore set aside for fresh consideration, with liberty to the importer to raise all other pleas before the original authority. Case-Laws Customs Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441822