https://www.taxtmi.com/caselaws?id=771015 Transaction value must be accepted unless rejected on cogent evidence under the prescribed sequential valuation framework. An importer's statement, payment of differential duty, or NIDB data alone does not establish undervaluation without evidence of additional consideration or reliable comparison with identical or similar unbranded goods of comparable quality, quantity, time and origin; the enhanced assessable value was therefore unsustainable. Motorcycle inner tubes imported in bulk cartons rather than individual retail packs were not required to bear a retail sale price declaration and were outside retail sale price-based assessment under section 4A. Consequently, enhancement of value, confiscation, fine and penalty could not be sustained. en-us Fri, 16 May 2025 00:00:00 +0530 Tue, 20 May 2025 08:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771015 Transaction value must be accepted unless rejected on cogent evidence under the prescribed sequential valuation framework. An importer's statement, payment of differential duty, or NIDB data alone does not establish undervaluation without evidence of additional consideration or reliable comparison with identical or similar unbranded goods of comparable quality, quantity, time and origin; the enhanced assessable value was therefore unsustainable. Motorcycle inner tubes imported in bulk cartons rather than individual retail packs were not required to bear a retail sale price declaration and were outside retail sale price-based assessment under section 4A. Consequently, enhancement of value, confiscation, fine and penalty could not be sustained. Case-Laws Customs Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771015