https://www.taxtmi.com/caselaws?id=442266 Transaction value under customs valuation law must be accepted as the starting point unless the proper officer records valid reasons to doubt its truth or accuracy and supports any substitute valuation with lawful comparability to identical or similar goods. Enhancement based mainly on NIDB data was unsustainable because the record did not establish proper grounds for rejecting the declared value, nor did it show that the relied-upon imports were truly comparable after considering commercial level, quantity and other relevant factors. The enhancement of the assessable value was therefore set aside and relief was granted to the assessee for the disputed bills of entry. en-us Thu, 24 Aug 2023 00:00:00 +0530 Mon, 28 Aug 2023 08:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442266 Transaction value under customs valuation law must be accepted as the starting point unless the proper officer records valid reasons to doubt its truth or accuracy and supports any substitute valuation with lawful comparability to identical or similar goods. Enhancement based mainly on NIDB data was unsustainable because the record did not establish proper grounds for rejecting the declared value, nor did it show that the relied-upon imports were truly comparable after considering commercial level, quantity and other relevant factors. The enhancement of the assessable value was therefore set aside and relief was granted to the assessee for the disputed bills of entry. Case-Laws Customs Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442266