https://www.taxtmi.com/caselaws?id=758793 Where imported goods are purchased under a high sea sale agreement, customs valuation must follow the actual transaction value proved by the contract and payment documents. If the importer shows the agreed consideration and there is no evidence of any additional amount having been paid, rejection of the declared value and enhancement by reference to the foreign supplier's price is unsustainable. A notional commission also cannot be added on a conjectural basis when the transaction price is supported by documentary evidence and the departmental circular recognises the last buyer's actual high sea sale contract price as the transaction value. The declared value was therefore accepted and enhancement was rejected. en-us Thu, 05 Sep 2024 00:00:00 +0530 Thu, 19 Sep 2024 08:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758793 Where imported goods are purchased under a high sea sale agreement, customs valuation must follow the actual transaction value proved by the contract and payment documents. If the importer shows the agreed consideration and there is no evidence of any additional amount having been paid, rejection of the declared value and enhancement by reference to the foreign supplier's price is unsustainable. A notional commission also cannot be added on a conjectural basis when the transaction price is supported by documentary evidence and the departmental circular recognises the last buyer's actual high sea sale contract price as the transaction value. The declared value was therefore accepted and enhancement was rejected. Case-Laws Customs Thu, 05 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758793