https://www.taxtmi.com/caselaws?id=73610 The assessable value of an imported sanding machine was upheld at the foreign manufacturer's ruling CIF price under Section 14(1) of the Customs Act, because the declared import price was lower than contemporaneous international trade information. The valuation was supported by the manufacturer's April 1980 price data and by a later import of a similar machine at an even higher price. The importer's belated claim that two standard belt drive motors were missing was rejected because it had not been raised before the lower authorities and was never verified. The challenge to enhancement of assessable value therefore failed. en-us Wed, 30 Mar 1988 00:00:00 +0530 Thu, 02 Jun 2011 13:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73610 The assessable value of an imported sanding machine was upheld at the foreign manufacturer's ruling CIF price under Section 14(1) of the Customs Act, because the declared import price was lower than contemporaneous international trade information. The valuation was supported by the manufacturer's April 1980 price data and by a later import of a similar machine at an even higher price. The importer's belated claim that two standard belt drive motors were missing was rejected because it had not been raised before the lower authorities and was never verified. The challenge to enhancement of assessable value therefore failed. Case-Laws Customs Wed, 30 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73610