https://www.taxtmi.com/caselaws?id=465055 A declared import value supported by tendering, price discussions and purchase-order confirmation was accepted as the true transaction value. The overseas supplier had revised the financial bid to a project-linked price, and the discount was not shown to be artificial or unsupported. On that basis, rejection of the assessable value under the Customs Valuation Rules, 2008 was not justified, because Revenue had not established that the declared price was anything other than the actual transaction value. The assessment based on rejection of value was therefore set aside, with relief following for the importer. en-us Thu, 27 Feb 2025 00:00:00 +0530 Wed, 03 Dec 2025 20:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465055 A declared import value supported by tendering, price discussions and purchase-order confirmation was accepted as the true transaction value. The overseas supplier had revised the financial bid to a project-linked price, and the discount was not shown to be artificial or unsupported. On that basis, rejection of the assessable value under the Customs Valuation Rules, 2008 was not justified, because Revenue had not established that the declared price was anything other than the actual transaction value. The assessment based on rejection of value was therefore set aside, with relief following for the importer. Case-Laws Customs Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465055