https://www.taxtmi.com/caselaws?id=785482 Customs valuation of imported goods was contested on the grounds of disputed country of origin and acceptance versus rejection of declared transaction value. The reasoning emphasises that declared price purportedly inclusive of cost insurance freight cannot be supplemented under rule 10 absent evidence that shipment costs were excluded from the contracted price; consequently enhancement by loading costs was unsustainable and surrogate valuation by recourse to other rules was inadequately applied without first invoking rules 7 and 8. For these reasons the re-determination of assessable value, and attendant confiscation and penalties, were set aside and the appeals allowed. en-us Tue, 04 Nov 2025 00:00:00 +0530 Sat, 24 Jan 2026 08:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785482 Customs valuation of imported goods was contested on the grounds of disputed country of origin and acceptance versus rejection of declared transaction value. The reasoning emphasises that declared price purportedly inclusive of cost insurance freight cannot be supplemented under rule 10 absent evidence that shipment costs were excluded from the contracted price; consequently enhancement by loading costs was unsustainable and surrogate valuation by recourse to other rules was inadequately applied without first invoking rules 7 and 8. For these reasons the re-determination of assessable value, and attendant confiscation and penalties, were set aside and the appeals allowed. Case-Laws Customs Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785482