https://www.taxtmi.com/caselaws?id=53642 Declared value under Section 14 of the Customs Act and the Customs (Valuation) Rules, 1988 could be rejected only by following the prescribed valuation sequence and with fair disclosure of the material relied upon. Enhancement based on undisclosed market enquiries, without supplying the enquiry report for rebuttal and without showing comparable or identical imports, was not sustainable. A valuation worked backwards from an assumed retail price under Rule 8, supported only by a vague reference to market enquiries and an importer's earlier statement, could not be upheld without proper application of the rules and observance of fair procedure. en-us Mon, 27 Dec 2004 00:00:00 +0530 Thu, 14 Oct 2010 13:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53642 Declared value under Section 14 of the Customs Act and the Customs (Valuation) Rules, 1988 could be rejected only by following the prescribed valuation sequence and with fair disclosure of the material relied upon. Enhancement based on undisclosed market enquiries, without supplying the enquiry report for rebuttal and without showing comparable or identical imports, was not sustainable. A valuation worked backwards from an assumed retail price under Rule 8, supported only by a vague reference to market enquiries and an importer's earlier statement, could not be upheld without proper application of the rules and observance of fair procedure. Case-Laws Customs Mon, 27 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53642