https://www.taxtmi.com/caselaws?id=759809 Declared import value cannot be rejected under the Customs Valuation Rules, 1988 merely on quotations, a proforma invoice, or another importer's later consent-based enhancement; those materials do not by themselves displace the transaction value without independent evidence that the declared price is unreliable. Once valuation enhancement fails, confiscation and penalty based on alleged misdeclaration of value also fail because their foundation disappears. The impugned order was set aside and consequential relief followed. en-us Tue, 08 Oct 2024 00:00:00 +0530 Wed, 09 Oct 2024 08:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759809 Declared import value cannot be rejected under the Customs Valuation Rules, 1988 merely on quotations, a proforma invoice, or another importer's later consent-based enhancement; those materials do not by themselves displace the transaction value without independent evidence that the declared price is unreliable. Once valuation enhancement fails, confiscation and penalty based on alleged misdeclaration of value also fail because their foundation disappears. The impugned order was set aside and consequential relief followed. Case-Laws Customs Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759809