https://www.taxtmi.com/caselaws?id=50710 Transaction value cannot be rejected merely on unauthenticated photocopies of foreign export declarations. The document notes that xerox copies without customs seal or official signature are unreliable for displacing the invoice price, especially where surrounding circumstances indicate the export declaration may be inflated for incentive purposes. Contemporaneous imports of identical goods at comparable prices further support the declared value, and the Revenue must rebut that value with tangible evidence. Valuation provisions must also be applied in the proper sequence; bypassing the normal valuation chain and adopting an enhanced value on inadequate material is unsustainable. On that basis, rejection of transaction value, enhancement of assessable value, demand, and penalty could not stand. en-us Thu, 15 Feb 2001 00:00:00 +0530 Wed, 25 Aug 2010 15:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50710 Transaction value cannot be rejected merely on unauthenticated photocopies of foreign export declarations. The document notes that xerox copies without customs seal or official signature are unreliable for displacing the invoice price, especially where surrounding circumstances indicate the export declaration may be inflated for incentive purposes. Contemporaneous imports of identical goods at comparable prices further support the declared value, and the Revenue must rebut that value with tangible evidence. Valuation provisions must also be applied in the proper sequence; bypassing the normal valuation chain and adopting an enhanced value on inadequate material is unsustainable. On that basis, rejection of transaction value, enhancement of assessable value, demand, and penalty could not stand. Case-Laws Customs Thu, 15 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50710