https://www.taxtmi.com/caselaws?id=795979 Finally assessed transaction value of imported aluminium scrap cannot be rejected and reassessed solely on Directorate of Valuation guidelines based on London Metal Exchange prices. Rejection under the Customs Valuation Rules requires objectively reasonable doubt, recorded reasons and cogent material establishing that the declared value is incorrect. Benchmark data or guidelines without independent evidence discrediting supplier invoices or the transaction value cannot support reassessment. As the earlier assessments had not been challenged, the reassessment-based demand, interest and penalty were unsustainable. en-us Tue, 28 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795979 Finally assessed transaction value of imported aluminium scrap cannot be rejected and reassessed solely on Directorate of Valuation guidelines based on London Metal Exchange prices. Rejection under the Customs Valuation Rules requires objectively reasonable doubt, recorded reasons and cogent material establishing that the declared value is incorrect. Benchmark data or guidelines without independent evidence discrediting supplier invoices or the transaction value cannot support reassessment. As the earlier assessments had not been challenged, the reassessment-based demand, interest and penalty were unsustainable. Case-Laws Customs Tue, 28 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795979