https://www.taxtmi.com/caselaws?id=81402 Customs valuation under Section 14(1) turns on the ordinary international trade price at the time and place of importation, where buyer and seller are unrelated and price is the sole consideration. Goods bought in a Government auction, especially disposal goods sold in distress conditions, are not treated as sold in the ordinary course of international trade; if that value cannot be ascertained, valuation must proceed under the valuation rules. The text also states that assessment is vitiated where the expert panel report and the basis of valuation are not disclosed to the affected party, because effective rebuttal and a fair hearing require full disclosure of the material used against it. en-us Mon, 24 Jun 1991 00:00:00 +0530 Fri, 24 Jun 2011 13:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81402 Customs valuation under Section 14(1) turns on the ordinary international trade price at the time and place of importation, where buyer and seller are unrelated and price is the sole consideration. Goods bought in a Government auction, especially disposal goods sold in distress conditions, are not treated as sold in the ordinary course of international trade; if that value cannot be ascertained, valuation must proceed under the valuation rules. The text also states that assessment is vitiated where the expert panel report and the basis of valuation are not disclosed to the affected party, because effective rebuttal and a fair hearing require full disclosure of the material used against it. Case-Laws Customs Mon, 24 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81402