https://www.taxtmi.com/caselaws?id=759184 Declared import value could not be rejected merely because contemporaneous import data or NIDB data showed higher values; absent evidence that the invoice price was not actually paid, that buyer and seller were related, or that any extra consideration passed, enhancement under Section 14 and the Customs Valuation Rules was unsustainable, and the transaction value had to be accepted. The imported motor controller was classifiable by its principal function as a controller for starting, stopping, direction control and speed regulation, and not as a motor vehicle part under Heading 8708; it was correctly classified under Heading 8503, Tariff Item 8503 0090, because there was no reliable evidence of exclusive or principal use in motor vehicles. en-us Thu, 29 Aug 2024 00:00:00 +0530 Thu, 26 Sep 2024 08:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759184 Declared import value could not be rejected merely because contemporaneous import data or NIDB data showed higher values; absent evidence that the invoice price was not actually paid, that buyer and seller were related, or that any extra consideration passed, enhancement under Section 14 and the Customs Valuation Rules was unsustainable, and the transaction value had to be accepted. The imported motor controller was classifiable by its principal function as a controller for starting, stopping, direction control and speed regulation, and not as a motor vehicle part under Heading 8708; it was correctly classified under Heading 8503, Tariff Item 8503 0090, because there was no reliable evidence of exclusive or principal use in motor vehicles. Case-Laws Customs Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759184