https://www.taxtmi.com/caselaws?id=790295 Transaction value of imported goods cannot be rejected unless customs has a legally sustainable basis to doubt its truth or accuracy. A test report describing the goods as PVC coated fabrics did not establish mis-declaration, the absence of the manufacturer's invoice was not enough to displace the declared value, and alert circulars with NIDB data did not, on these facts, justify re-determination. The alternative valuation method also had to follow the prescribed contemporaneous-imports scheme, and selective reliance on representative values was inconsistent with that method. The rejection of transaction value, related duty demand, confiscation, redemption fine and penalty were therefore unsustainable. en-us Tue, 21 Apr 2026 00:00:00 +0530 Thu, 23 Apr 2026 09:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790295 Transaction value of imported goods cannot be rejected unless customs has a legally sustainable basis to doubt its truth or accuracy. A test report describing the goods as PVC coated fabrics did not establish mis-declaration, the absence of the manufacturer's invoice was not enough to displace the declared value, and alert circulars with NIDB data did not, on these facts, justify re-determination. The alternative valuation method also had to follow the prescribed contemporaneous-imports scheme, and selective reliance on representative values was inconsistent with that method. The rejection of transaction value, related duty demand, confiscation, redemption fine and penalty were therefore unsustainable. Case-Laws Customs Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790295