https://www.taxtmi.com/caselaws?id=792640 Customs transaction value remains the primary basis of valuation and can be rejected only on legally admissible, corroborated evidence showing that the declared price is not the price actually paid or payable. Unsigned parallel invoices, uncorroborated overseas verification material, unauthenticated emails, insurance papers and retracted statements, without a money trail or additional consideration, are insufficient. Where rejection of value fails, re-determination, differential duty demand, confiscation and penalties cannot stand, including penalty on a co-appellant absent independent proof of abetment. The extended limitation period under the Customs Act also requires proof of suppression or wilful misstatement with intent to evade duty. en-us Fri, 29 May 2026 00:00:00 +0530 Mon, 01 Jun 2026 08:25:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792640 Customs transaction value remains the primary basis of valuation and can be rejected only on legally admissible, corroborated evidence showing that the declared price is not the price actually paid or payable. Unsigned parallel invoices, uncorroborated overseas verification material, unauthenticated emails, insurance papers and retracted statements, without a money trail or additional consideration, are insufficient. Where rejection of value fails, re-determination, differential duty demand, confiscation and penalties cannot stand, including penalty on a co-appellant absent independent proof of abetment. The extended limitation period under the Customs Act also requires proof of suppression or wilful misstatement with intent to evade duty. Case-Laws Customs Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792640