https://www.taxtmi.com/caselaws?id=796559 Declared customs transaction values cannot be rejected merely on third-party investigation material, indicative market data, or generalised suspicion; the Revenue must establish undervaluation through cogent importer-specific evidence. The notes state that evidence concerning other importers, without proof of business nexus, parallel invoices, extra consideration or clandestine remittance, does not discharge that burden. Transaction value remains the primary basis of valuation, and the prescribed sequential methods under the Customs Valuation Rules, 2007 must be properly applied before using the residual method. They further note that comparable Tribunal rulings and final appellate assessments may reinforce objections to defective valuation enhancements and consequential customs liabilities. en-us Wed, 05 Aug 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796559 Declared customs transaction values cannot be rejected merely on third-party investigation material, indicative market data, or generalised suspicion; the Revenue must establish undervaluation through cogent importer-specific evidence. The notes state that evidence concerning other importers, without proof of business nexus, parallel invoices, extra consideration or clandestine remittance, does not discharge that burden. Transaction value remains the primary basis of valuation, and the prescribed sequential methods under the Customs Valuation Rules, 2007 must be properly applied before using the residual method. They further note that comparable Tribunal rulings and final appellate assessments may reinforce objections to defective valuation enhancements and consequential customs liabilities. Case-Laws Customs Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796559