https://www.taxtmi.com/article/detailed?id=14879 The assessable value of imports is based on the transaction value for unrelated parties where price is sole consideration, but customs may reject the declared value under Rule 12 if contemporaneous imports, invoice discrepancies, omitted price-affecting elements, or market comparables demonstrate inconsistency; on rejection, alternative Valuation Rules apply to re-determine value and applicable duty, interest, penalties, and possible confiscation follow where misdeclaration or fraudulent conduct is established. en-us Sat, 26 Jul 2025 08:41:14 +0530 Sat, 26 Jul 2025 12:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14879 The assessable value of imports is based on the transaction value for unrelated parties where price is sole consideration, but customs may reject the declared value under Rule 12 if contemporaneous imports, invoice discrepancies, omitted price-affecting elements, or market comparables demonstrate inconsistency; on rejection, alternative Valuation Rules apply to re-determine value and applicable duty, interest, penalties, and possible confiscation follow where misdeclaration or fraudulent conduct is established. Articles Customs - Import - Export - SEZ Sat, 26 Jul 2025 08:41:14 +0530 https://www.taxtmi.com/article/detailed?id=14879