https://www.taxtmi.com/caselaws?id=775916 Declared import value cannot be rejected unless the revenue proves undervaluation with reliable, comparable evidence showing that the transaction value is not the real value. A retracted admission made on the basis of pressure or duress is insufficient by itself, and third-party import data must establish identity or similarity of goods, same supplier, and contemporaneous commercial comparability. Where those foundational facts are not proved, the burden on the revenue remains undischarged and the allegation of undervaluation fails, with consequential confiscation, duty demand, interest, and penalties also not sustainable. en-us Thu, 31 Jul 2025 00:00:00 +0530 Sat, 02 Aug 2025 07:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775916 Declared import value cannot be rejected unless the revenue proves undervaluation with reliable, comparable evidence showing that the transaction value is not the real value. A retracted admission made on the basis of pressure or duress is insufficient by itself, and third-party import data must establish identity or similarity of goods, same supplier, and contemporaneous commercial comparability. Where those foundational facts are not proved, the burden on the revenue remains undischarged and the allegation of undervaluation fails, with consequential confiscation, duty demand, interest, and penalties also not sustainable. Case-Laws Customs Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775916