https://www.taxtmi.com/caselaws?id=771015 Customs valuation law requires acceptance of the declared transaction value unless the department rejects it for cogent reasons and re-determines value through the prescribed sequential method. Mere importer statements, payment of differential duty, or NIDB data alone are insufficient without independent evidence of undervaluation or reliable comparison with identical or similar goods. The article also explains that section 4A retail sale price assessment applies only where packaged goods are required to display retail sale price under the relevant law; imported motorcycle inner tubes packed in bulk cartons do not meet that condition and are not assessable on that basis. 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 Customs valuation law requires acceptance of the declared transaction value unless the department rejects it for cogent reasons and re-determines value through the prescribed sequential method. Mere importer statements, payment of differential duty, or NIDB data alone are insufficient without independent evidence of undervaluation or reliable comparison with identical or similar goods. The article also explains that section 4A retail sale price assessment applies only where packaged goods are required to display retail sale price under the relevant law; imported motorcycle inner tubes packed in bulk cartons do not meet that condition and are not assessable on that basis. Case-Laws Customs Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771015