https://www.taxtmi.com/caselaws?id=784652 Enhancement of declared transaction value for alleged undervaluation of imported welding machines was rejected because Revenue failed to follow the mandatory two-step verification under Rule 12(2) of the CVR, 2007 and relied primarily on an uncorroborated self-incriminating worksheet and statement. The investigation was held vitiated by material defects, including failure to retrieve deleted electronic records and reliance on a statement purportedly recorded under s.108 of the Customs Act without being recorded before a competent officer, undermining the evidentiary basis for valuation rejection. Consequently, the proposed value enhancement and differential duty demand could not be sustained; the Tribunal upheld the OIO and dismissed the appeal, granting consequential relief as per law. en-us Thu, 08 Jan 2026 00:00:00 +0530 Fri, 09 Jan 2026 08:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784652 Enhancement of declared transaction value for alleged undervaluation of imported welding machines was rejected because Revenue failed to follow the mandatory two-step verification under Rule 12(2) of the CVR, 2007 and relied primarily on an uncorroborated self-incriminating worksheet and statement. The investigation was held vitiated by material defects, including failure to retrieve deleted electronic records and reliance on a statement purportedly recorded under s.108 of the Customs Act without being recorded before a competent officer, undermining the evidentiary basis for valuation rejection. Consequently, the proposed value enhancement and differential duty demand could not be sustained; the Tribunal upheld the OIO and dismissed the appeal, granting consequential relief as per law. Case-Laws Customs Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784652