https://www.taxtmi.com/caselaws?id=443313 Rejection of a declared export transaction value is unsustainable unless the adjudicating authority first follows the prescribed valuation sequence and discloses the relied upon material to the exporter. Here, the value was enhanced on contemporaneous prices without establishing comparable parameters such as quantity and destination, and without showing that the residual method was reached in accordance with the valuation rules. The exporter was also denied the documents and basis used for loading the value, so natural justice was not observed. The enhancement and rejection of the declared value were therefore set aside. en-us Thu, 14 Sep 2023 00:00:00 +0530 Thu, 21 Sep 2023 07:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443313 Rejection of a declared export transaction value is unsustainable unless the adjudicating authority first follows the prescribed valuation sequence and discloses the relied upon material to the exporter. Here, the value was enhanced on contemporaneous prices without establishing comparable parameters such as quantity and destination, and without showing that the residual method was reached in accordance with the valuation rules. The exporter was also denied the documents and basis used for loading the value, so natural justice was not observed. The enhancement and rejection of the declared value were therefore set aside. Case-Laws Customs Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443313