https://www.taxtmi.com/caselaws?id=784978 Undervaluation of imported electronic components was not established because the department lacked reliable contemporaneous evidence linking the goods to the overseas seller's alleged Phillips-branded supplies. The examination report recording the nature, make and brand of the goods at clearance was absent, so the declared transaction value under Section 14 of the Customs Act, 1962 could not be rejected on third-party documents or presumed identity alone. In the absence of cogent proof and comparable import data, the proposed revaluation failed and relief followed for the assessee. en-us Wed, 14 Jan 2026 00:00:00 +0530 Thu, 15 Jan 2026 08:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784978 Undervaluation of imported electronic components was not established because the department lacked reliable contemporaneous evidence linking the goods to the overseas seller's alleged Phillips-branded supplies. The examination report recording the nature, make and brand of the goods at clearance was absent, so the declared transaction value under Section 14 of the Customs Act, 1962 could not be rejected on third-party documents or presumed identity alone. In the absence of cogent proof and comparable import data, the proposed revaluation failed and relief followed for the assessee. Case-Laws Customs Wed, 14 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784978