https://www.taxtmi.com/caselaws?id=448134 Declared transaction value for imported goods must be accepted unless the department establishes recognised exceptions under the valuation rules with cogent evidence. A post-clearance comparison with a higher-priced import, without proof of true contemporaneity and comparable commercial circumstances, was insufficient to reject the declared value. Differences in timing of import, quantity, and trading relationship further weakened the allegation of undervaluation. The declared value therefore could not be displaced on the basis of invoice comparison alone, and the differential duty demand was unsustainable. en-us Tue, 09 Jan 2024 00:00:00 +0530 Thu, 25 Apr 2024 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448134 Declared transaction value for imported goods must be accepted unless the department establishes recognised exceptions under the valuation rules with cogent evidence. A post-clearance comparison with a higher-priced import, without proof of true contemporaneity and comparable commercial circumstances, was insufficient to reject the declared value. Differences in timing of import, quantity, and trading relationship further weakened the allegation of undervaluation. The declared value therefore could not be displaced on the basis of invoice comparison alone, and the differential duty demand was unsustainable. Case-Laws Customs Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448134