https://www.taxtmi.com/caselaws?id=795576 Customs transaction values may be rejected where related-party relationships are undisclosed and recovered supplier records create reasonable doubt about declared prices. Once rejected, valuation must apply prescribed methods sequentially, identifying the applicable rule and factual basis for each import and item. The residual method cannot rely on domestic sale prices, impermissible foreign prices, or arbitrary percentage loading where appropriate comparative data exist. Differential duty may be supported by genuine supplier invoices, but unsupported re-determination fails. Penalties under Sections 112 and 114A are mutually exclusive and cannot be imposed cumulatively. en-us Tue, 23 Jun 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795576 Customs transaction values may be rejected where related-party relationships are undisclosed and recovered supplier records create reasonable doubt about declared prices. Once rejected, valuation must apply prescribed methods sequentially, identifying the applicable rule and factual basis for each import and item. The residual method cannot rely on domestic sale prices, impermissible foreign prices, or arbitrary percentage loading where appropriate comparative data exist. Differential duty may be supported by genuine supplier invoices, but unsupported re-determination fails. Penalties under Sections 112 and 114A are mutually exclusive and cannot be imposed cumulatively. Case-Laws Customs Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795576