https://www.taxtmi.com/caselaws?id=794050 Declared customs value may be rejected where investigation shows reason to doubt truth or accuracy, including undisclosed buyer-seller links and recovered material, but reassessment must then follow the Customs Valuation Rules sequentially. Rule 8 cannot be applied on an arbitrary average undervaluation percentage or on domestic sale prices, exports to other destinations, or other non-comparable material excluded by the valuation scheme. Only valuations supported by contemporaneous imports or actual transaction evidence can stand. Where the valuation basis fails, consequential confiscation, redemption fine and penalties under Sections 112 and 114A also do not survive, and the Act does not support multiple penalties in the manner adopted in the impugned order. en-us Tue, 23 Jun 2026 00:00:00 +0530 Mon, 29 Jun 2026 09:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794050 Declared customs value may be rejected where investigation shows reason to doubt truth or accuracy, including undisclosed buyer-seller links and recovered material, but reassessment must then follow the Customs Valuation Rules sequentially. Rule 8 cannot be applied on an arbitrary average undervaluation percentage or on domestic sale prices, exports to other destinations, or other non-comparable material excluded by the valuation scheme. Only valuations supported by contemporaneous imports or actual transaction evidence can stand. Where the valuation basis fails, consequential confiscation, redemption fine and penalties under Sections 112 and 114A also do not survive, and the Act does not support multiple penalties in the manner adopted in the impugned order. Case-Laws Customs Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794050