https://www.taxtmi.com/caselaws?id=767405 Declared value may be rejected under Rule 12 of the Customs Valuation Rules, 2007 where there are reasonable grounds to doubt its truth or accuracy, and redetermination may proceed sequentially under Rules 4 to 9; on that basis, enhancement by reference to the earlier accepted value of identical imports was not found infirm. However, where the bills of entry were marked provisional and the assessments had not been finalized, penalty could not be sustained at that stage. The matter was therefore remanded for completion of the provisional assessment process, while the valuation dispute itself remained undisturbed in principle. en-us Wed, 12 Mar 2025 00:00:00 +0530 Tue, 18 Mar 2025 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767405 Declared value may be rejected under Rule 12 of the Customs Valuation Rules, 2007 where there are reasonable grounds to doubt its truth or accuracy, and redetermination may proceed sequentially under Rules 4 to 9; on that basis, enhancement by reference to the earlier accepted value of identical imports was not found infirm. However, where the bills of entry were marked provisional and the assessments had not been finalized, penalty could not be sustained at that stage. The matter was therefore remanded for completion of the provisional assessment process, while the valuation dispute itself remained undisturbed in principle. Case-Laws Customs Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767405