https://www.taxtmi.com/caselaws?id=783868 Customs valuation demands require independent, corroborative evidence specific to the import under adjudication; transaction value cannot be displaced by extrapolation from another consignment. Rejection of declared value on the basis of an earlier overseas enquiry, without direct material for the subject Bill of Entry, was unsustainable. Statements recorded under Section 108 of the Customs Act, when retracted and unsupported by the procedure under Section 138B or other independent evidence, could not by themselves prove misdeclaration or undervaluation. On that footing, the demand and penalties were not maintainable and the appeals were allowed with consequential relief. 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 Customs valuation demands require independent, corroborative evidence specific to the import under adjudication; transaction value cannot be displaced by extrapolation from another consignment. Rejection of declared value on the basis of an earlier overseas enquiry, without direct material for the subject Bill of Entry, was unsustainable. Statements recorded under Section 108 of the Customs Act, when retracted and unsupported by the procedure under Section 138B or other independent evidence, could not by themselves prove misdeclaration or undervaluation. On that footing, the demand and penalties were not maintainable and the appeals were allowed with consequential relief. Case-Laws Customs Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783868