https://www.taxtmi.com/caselaws?id=793858 Declared transaction value for imported Christmas lights could not be rejected on the basis of NIDB data alone, because there was no material showing extra payment over invoice value, no evidence that buyer and seller were related, and no indication that the declared price was not the sole consideration. The valuation exercise was found to have relied on selective data without following the proper customs valuation procedure. Enhancement of assessable value was therefore unsustainable, the declared value was liable to be accepted, and the appeal was dismissed with the Commissioner (Appeals)' order upheld. en-us Fri, 12 Jun 2026 00:00:00 +0530 Wed, 24 Jun 2026 14:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793858 Declared transaction value for imported Christmas lights could not be rejected on the basis of NIDB data alone, because there was no material showing extra payment over invoice value, no evidence that buyer and seller were related, and no indication that the declared price was not the sole consideration. The valuation exercise was found to have relied on selective data without following the proper customs valuation procedure. Enhancement of assessable value was therefore unsustainable, the declared value was liable to be accepted, and the appeal was dismissed with the Commissioner (Appeals)' order upheld. Case-Laws Customs Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793858