Customs authorities must reject declared transaction value u/s 14 before applying Customs Valuation Rules, 2007.

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....Valuation of imported goods - The adjudicating authority can not arbitrarily jump to the provisions of CVR, 2007, without rejecting the transaction value declared in terms of Section 14 of Customs Act, 1962 - under Rule 12 in case the officer has a doubt about the truth or accuracy of the declared value etc., the value cannot be determined under the provisions of sub-rule 1 of Rule 3 - AT....