https://www.taxtmi.com/article/detailed?id=14124 Contemporaneous import valuation prioritizes transaction value as the starting point but permits reassessment when declared values appear undervalued by comparing imports of comparable goods in the same period. Adjustments must be based on verifiable documentary evidence and reasonable grounds, with the Comparable Goods Method used where possible and the Fallback Method applied when comparators are unavailable. The process requires non-discriminatory, transparent application, opportunity for importer rebuttal, and may employ data analytics to detect undervaluation and deter fraudulent practices. en-us Wed, 16 Apr 2025 08:39:47 +0530 Wed, 16 Apr 2025 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14124 Contemporaneous import valuation prioritizes transaction value as the starting point but permits reassessment when declared values appear undervalued by comparing imports of comparable goods in the same period. Adjustments must be based on verifiable documentary evidence and reasonable grounds, with the Comparable Goods Method used where possible and the Fallback Method applied when comparators are unavailable. The process requires non-discriminatory, transparent application, opportunity for importer rebuttal, and may employ data analytics to detect undervaluation and deter fraudulent practices. Articles Customs - Import - Export - SEZ Wed, 16 Apr 2025 08:39:47 +0530 https://www.taxtmi.com/article/detailed?id=14124