https://www.taxtmi.com/caselaws?id=442954 Declared transaction value for a registered project import could not be rejected or enhanced merely because the foreign supplier procured some items from third-party vendors at a higher price. In the absence of proof of extra payment, collusion, or any other legally recognised ground to discard the contract price, the differential duty demand failed. Once the valuation basis collapsed, the connected confiscation, redemption fine, and penalties also had no independent footing. Prolonged and unexplained delay in finalising provisional assessment further weakened the attempt to sustain enhancement and consequential action. en-us Mon, 11 Sep 2023 00:00:00 +0530 Tue, 27 Jan 2026 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442954 Declared transaction value for a registered project import could not be rejected or enhanced merely because the foreign supplier procured some items from third-party vendors at a higher price. In the absence of proof of extra payment, collusion, or any other legally recognised ground to discard the contract price, the differential duty demand failed. Once the valuation basis collapsed, the connected confiscation, redemption fine, and penalties also had no independent footing. Prolonged and unexplained delay in finalising provisional assessment further weakened the attempt to sustain enhancement and consequential action. Case-Laws Customs Mon, 11 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442954