https://www.taxtmi.com/caselaws?id=798805 Declared CIF transaction value remains the primary customs valuation basis unless cogent, objective evidence shows that the invoice price excludes additional consideration actually paid or payable by the importer. Freight and insurance cannot be added where they are already included in CIF pricing and no reimbursement liability is established. Upstream FOB invoices from a separate foreign transaction and Non-GMO compliance certificates do not, without comparable-import data or proof of omitted consideration, displace the importer's declared transaction value. Extended limitation requires collusion, wilful misstatement, or intentional suppression; a disclosed valuation-methodology dispute does not suffice. Without sustainable value misdeclaration and extended-period duty liability, confiscation, redemption fine, and related penalties lack foundation. en-us Thu, 10 Sep 2026 00:00:00 +0530 Sat, 12 Sep 2026 08:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798805 Declared CIF transaction value remains the primary customs valuation basis unless cogent, objective evidence shows that the invoice price excludes additional consideration actually paid or payable by the importer. Freight and insurance cannot be added where they are already included in CIF pricing and no reimbursement liability is established. Upstream FOB invoices from a separate foreign transaction and Non-GMO compliance certificates do not, without comparable-import data or proof of omitted consideration, displace the importer's declared transaction value. Extended limitation requires collusion, wilful misstatement, or intentional suppression; a disclosed valuation-methodology dispute does not suffice. Without sustainable value misdeclaration and extended-period duty liability, confiscation, redemption fine, and related penalties lack foundation. Case-Laws Customs Thu, 10 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798805