https://www.taxtmi.com/caselaws?id=444287 Declared transaction value in customs valuation cannot be rejected on the basis of alleged contemporaneous imports unless the statutory conditions for rejection are satisfied and the relied-upon imports are shown to be genuine, reliable comparables. Here, the comparison failed because differences existed in description, grade, country of origin, quantity, and place of exportation or importation, and the import data was not put to the importer for rebuttal. The reasoning in the original order also showed uncertainty about the applicability of the comparison under the valuation rules. On that basis, rejection of the declared value and re-determination of the import value were held unsustainable and set aside in favour of the assessee. en-us Wed, 11 Oct 2023 00:00:00 +0530 Thu, 12 Oct 2023 10:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444287 Declared transaction value in customs valuation cannot be rejected on the basis of alleged contemporaneous imports unless the statutory conditions for rejection are satisfied and the relied-upon imports are shown to be genuine, reliable comparables. Here, the comparison failed because differences existed in description, grade, country of origin, quantity, and place of exportation or importation, and the import data was not put to the importer for rebuttal. The reasoning in the original order also showed uncertainty about the applicability of the comparison under the valuation rules. On that basis, rejection of the declared value and re-determination of the import value were held unsustainable and set aside in favour of the assessee. Case-Laws Customs Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444287