https://www.taxtmi.com/caselaws?id=781660 SC dismissed the appeal and upheld CESTAT's order affirming rejection of the declared transaction value for imported steam coal, with consequent confiscation and penalty. The Court agreed that an invoice issued outside India, alleged to be a sham and not supported by provenance, does not constitute evidence of the price paid between seller and buyer in India and therefore fails to meet the requirements of s.14 of the Customs Act, 1962 and Rule 3(1) of the Customs Valuation Rules. en-us Fri, 07 Nov 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781660 SC dismissed the appeal and upheld CESTAT's order affirming rejection of the declared transaction value for imported steam coal, with consequent confiscation and penalty. The Court agreed that an invoice issued outside India, alleged to be a sham and not supported by provenance, does not constitute evidence of the price paid between seller and buyer in India and therefore fails to meet the requirements of s.14 of the Customs Act, 1962 and Rule 3(1) of the Customs Valuation Rules. Case-Laws Customs Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781660