https://www.taxtmi.com/caselaws?id=758299 Declared customs value may be rejected only on legally sustainable evidence under the valuation rules; NIDB data is merely indicative, contemporaneous comparison must account for origin, quantity, quality and commercial conditions, and the record must show that the invoice price was not genuine. The note also explains tariff classification by principal function and proven essential character: a motor controller used to start, stop, regulate direction and control speed of an electric motor falls under Heading 8503 as a part of electric motor machinery, unless reliable evidence shows it is solely or principally a part of a motor vehicle under Heading 8708. The document therefore affirms that valuation enhancements and vehicle-part classification require proper evidentiary support. en-us Wed, 07 Aug 2024 00:00:00 +0530 Wed, 11 Sep 2024 20:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758299 Declared customs value may be rejected only on legally sustainable evidence under the valuation rules; NIDB data is merely indicative, contemporaneous comparison must account for origin, quantity, quality and commercial conditions, and the record must show that the invoice price was not genuine. The note also explains tariff classification by principal function and proven essential character: a motor controller used to start, stop, regulate direction and control speed of an electric motor falls under Heading 8503 as a part of electric motor machinery, unless reliable evidence shows it is solely or principally a part of a motor vehicle under Heading 8708. The document therefore affirms that valuation enhancements and vehicle-part classification require proper evidentiary support. Case-Laws Customs Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758299