https://www.taxtmi.com/caselaws?id=74524 Video magnetic tapes imported on hubs were held to fall within a licence covering video magnetic tape in rolls, pan cakes, jumbo rolls, reels and all forms, because the words "all forms" were given their ordinary meaning and no restriction from another appendix could be read into the licence. The import was therefore treated as authorised. On valuation, enhanced assessable value based on comparable imports was rejected because the cited comparables related to tapes on pancakes, the imported goods were on hubs, contemporaneous materials showed a declining price trend, and the gap between invoice and assessed value was small. The invoice value was accepted and consequential relief followed. en-us Tue, 10 Nov 1987 00:00:00 +0530 Thu, 09 Jun 2011 13:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74524 Video magnetic tapes imported on hubs were held to fall within a licence covering video magnetic tape in rolls, pan cakes, jumbo rolls, reels and all forms, because the words "all forms" were given their ordinary meaning and no restriction from another appendix could be read into the licence. The import was therefore treated as authorised. On valuation, enhanced assessable value based on comparable imports was rejected because the cited comparables related to tapes on pancakes, the imported goods were on hubs, contemporaneous materials showed a declining price trend, and the gap between invoice and assessed value was small. The invoice value was accepted and consequential relief followed. Case-Laws Customs Tue, 10 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74524