https://www.taxtmi.com/caselaws?id=791080 Declared export transaction value cannot be rejected and replaced with a higher contemporaneous value unless the proper valuation procedure is followed and cogent reasons are recorded for doubting the declared price. Where the invoice value is supported by the contract and bank realisation particulars, and no prior doubt about truth or accuracy is shown, mere reference to selected contemporaneous prices is insufficient to displace the transaction value. The declared value therefore remained the relevant basis for assessment, and reconsideration had to proceed in line with the bank realisation statement. en-us Fri, 06 Feb 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791080 Declared export transaction value cannot be rejected and replaced with a higher contemporaneous value unless the proper valuation procedure is followed and cogent reasons are recorded for doubting the declared price. Where the invoice value is supported by the contract and bank realisation particulars, and no prior doubt about truth or accuracy is shown, mere reference to selected contemporaneous prices is insufficient to displace the transaction value. The declared value therefore remained the relevant basis for assessment, and reconsideration had to proceed in line with the bank realisation statement. Case-Laws Customs Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791080