https://www.taxtmi.com/caselaws?id=74178 Imported scientific instruments were to be valued under Section 14(1)(a) of the Customs Act, 1962 where an ascertainable transaction price existed from comparable imports by independent buyers. Although the appellants' own import price was not the sole consideration because they also undertook installation, training, after-sale service, warranty and related promotional obligations for the foreign supplier, those additional services did not justify shifting valuation to Section 14(1)(b). The availability of prices paid in the ordinary course of international trade by independent importers meant that the statutory conditions for Section 14(1)(a) were satisfied, and resort to the residual valuation provisions was not permissible. en-us Tue, 24 Feb 1987 00:00:00 +0530 Tue, 07 Jun 2011 12:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74178 Imported scientific instruments were to be valued under Section 14(1)(a) of the Customs Act, 1962 where an ascertainable transaction price existed from comparable imports by independent buyers. Although the appellants' own import price was not the sole consideration because they also undertook installation, training, after-sale service, warranty and related promotional obligations for the foreign supplier, those additional services did not justify shifting valuation to Section 14(1)(b). The availability of prices paid in the ordinary course of international trade by independent importers meant that the statutory conditions for Section 14(1)(a) were satisfied, and resort to the residual valuation provisions was not permissible. Case-Laws Customs Tue, 24 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74178