Rejection of Declared Transaction Value Requires Reasonable Doubt and Compliance with Rule 12 for Proper Valuation.

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....Valuation of imported goods - rejection of declared value - Formation of belief and recording of reasons as to reasonable doubt and communication of the reasons when required is the only way and manner in which the proper officer in terms of Rule 12 can proceed to make assessment under Rules 4 to 9 after rejecting the transaction value as declared - mandate of Rule 12(2) cannot be ignored or waived....