https://www.taxtmi.com/caselaws?id=799198 Declared transaction value remains the primary customs valuation basis under section 14. Rules 3 and 12 permit rejection only where stated reasonable grounds create doubt as to the truth or accuracy of the declared value; any redetermination must then proceed sequentially under Rules 4 to 9. Market inquiries or reverse calculations from retail prices cannot substitute that process. Bank-remitted invoice payments, absent proof of extra consideration or misdeclaration, support the declared value. Differential duty paid for provisional release does not constitute acceptance of enhancement. Without lawful undervaluation, confiscation, redemption fine and penalty lack foundation. en-us Fri, 11 Sep 2026 00:00:00 +0530 Fri, 18 Sep 2026 07:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799198 Declared transaction value remains the primary customs valuation basis under section 14. Rules 3 and 12 permit rejection only where stated reasonable grounds create doubt as to the truth or accuracy of the declared value; any redetermination must then proceed sequentially under Rules 4 to 9. Market inquiries or reverse calculations from retail prices cannot substitute that process. Bank-remitted invoice payments, absent proof of extra consideration or misdeclaration, support the declared value. Differential duty paid for provisional release does not constitute acceptance of enhancement. Without lawful undervaluation, confiscation, redemption fine and penalty lack foundation. Case-Laws Customs Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799198