https://www.taxtmi.com/caselaws?id=447494 Declared transaction value of imported goods was rejected in favour of a market survey-based enhanced assessable value, but the valuation method failed to follow the sequential scheme under the Customs Valuation Rules, 2007. Contemporaneous import data of identical goods was available, yet the survey report did not disclose the purchase or sale invoices used to fix the average price, and an ad hoc discount was applied without a legally sustainable basis. The enhancement was therefore not legally sustainable, and the impugned valuation order was set aside in favour of the assessee. en-us Wed, 27 Sep 2023 00:00:00 +0530 Thu, 28 Dec 2023 08:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447494 Declared transaction value of imported goods was rejected in favour of a market survey-based enhanced assessable value, but the valuation method failed to follow the sequential scheme under the Customs Valuation Rules, 2007. Contemporaneous import data of identical goods was available, yet the survey report did not disclose the purchase or sale invoices used to fix the average price, and an ad hoc discount was applied without a legally sustainable basis. The enhancement was therefore not legally sustainable, and the impugned valuation order was set aside in favour of the assessee. Case-Laws Customs Wed, 27 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447494