https://www.taxtmi.com/caselaws?id=467600 Customs valuation of imported goods cannot be re-determined merely on a DRI chart or suggested value; if doubt arises about the declared transaction value, the Customs Valuation Rules, 2007 require rejection under Rule 12 and then sequential application of the prescribed valuation rules. The note emphasises that the Customs Act, 1962 does not confer any power on the investigating agency to fix or suggest values, and tariff values can be notified only by the competent statutory authority under section 14(2). On that basis, valuation based solely on the DRI suggestion was treated as unlawful and the impugned orders were set aside. en-us Wed, 01 Oct 2025 00:00:00 +0530 Wed, 25 Mar 2026 20:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467600 Customs valuation of imported goods cannot be re-determined merely on a DRI chart or suggested value; if doubt arises about the declared transaction value, the Customs Valuation Rules, 2007 require rejection under Rule 12 and then sequential application of the prescribed valuation rules. The note emphasises that the Customs Act, 1962 does not confer any power on the investigating agency to fix or suggest values, and tariff values can be notified only by the competent statutory authority under section 14(2). On that basis, valuation based solely on the DRI suggestion was treated as unlawful and the impugned orders were set aside. Case-Laws Customs Wed, 01 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467600