https://www.taxtmi.com/caselaws?id=786208 Declared export value under section 14(1) of the Customs Act and Rule 3 of the Export Goods Valuation Rules must be accepted unless the Revenue displaces it through cogent evidence and sequential application of the valuation rules. A retail market survey and notional profit margin were held insufficient because they did not provide like-for-like export comparables and had no statutory basis for re-determination. Contemporaneous export data supported the declared FOB value, and no misdeclaration or legal prohibition was established. The consequential confiscation, redemption fine and penalties therefore could not be sustained. en-us Tue, 03 Feb 2026 00:00:00 +0530 Mon, 09 Feb 2026 09:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786208 Declared export value under section 14(1) of the Customs Act and Rule 3 of the Export Goods Valuation Rules must be accepted unless the Revenue displaces it through cogent evidence and sequential application of the valuation rules. A retail market survey and notional profit margin were held insufficient because they did not provide like-for-like export comparables and had no statutory basis for re-determination. Contemporaneous export data supported the declared FOB value, and no misdeclaration or legal prohibition was established. The consequential confiscation, redemption fine and penalties therefore could not be sustained. Case-Laws Customs Tue, 03 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786208