https://www.taxtmi.com/caselaws?id=783868 The dominant issue was whether Customs could reject the declared transaction value and redetermine assessable value for imported goods described as processed coral waste, leading to duty demand and penalties. Applying SC precedent that invoice value cannot be rejected arbitrarily and undervaluation must be supported by cogent evidence such as contemporaneous import prices of comparable goods, the Tribunal held the Department led no independent evidence to justify enhancement. Supplier invoices and declarations describing the goods as processed coral waste at the declared value were on record and were neither rebutted nor addressed, and Customs did not dispute the goods' nature upon examination. Consequently, the value redetermination, duty demand, and penalties were set aside and the appeal was allowed. en-us Fri, 19 Dec 2025 00:00:00 +0530 Wed, 24 Dec 2025 07:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783868 The dominant issue was whether Customs could reject the declared transaction value and redetermine assessable value for imported goods described as processed coral waste, leading to duty demand and penalties. Applying SC precedent that invoice value cannot be rejected arbitrarily and undervaluation must be supported by cogent evidence such as contemporaneous import prices of comparable goods, the Tribunal held the Department led no independent evidence to justify enhancement. Supplier invoices and declarations describing the goods as processed coral waste at the declared value were on record and were neither rebutted nor addressed, and Customs did not dispute the goods' nature upon examination. Consequently, the value redetermination, duty demand, and penalties were set aside and the appeal was allowed. Case-Laws Customs Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783868