https://www.taxtmi.com/caselaws?id=33908 Declared customs value may be rejected under the Customs Valuation Rules, 1988 when contemporaneous import data and the supplier's own published price provide objective reasons to doubt its truth or accuracy. Once such doubt arises, the transaction value method can be discarded and valuation must proceed through the alternative methods prescribed in the Rules, including best judgment valuation where appropriate. Comparisons based on a different product size were not accepted, and an unverified later certificate was given no weight. The Department's re-determined valuation was sustained and the challenge to the assessment failed. en-us Thu, 16 Oct 2008 00:00:00 +0530 Mon, 22 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33908 Declared customs value may be rejected under the Customs Valuation Rules, 1988 when contemporaneous import data and the supplier's own published price provide objective reasons to doubt its truth or accuracy. Once such doubt arises, the transaction value method can be discarded and valuation must proceed through the alternative methods prescribed in the Rules, including best judgment valuation where appropriate. Comparisons based on a different product size were not accepted, and an unverified later certificate was given no weight. The Department's re-determined valuation was sustained and the challenge to the assessment failed. Case-Laws Customs Thu, 16 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33908