https://www.taxtmi.com/caselaws?id=87077 For customs valuation, the transaction value must reflect the price actually paid or payable for the sale that gave rise to importation into India. A lower price negotiated only after the goods had already been imported, landed and unloaded could not replace the original export sale price for assessment purposes. Contemporaneous price data also supported the Department's valuation. The assessable value was therefore correctly based on the original sale price agreed for export to India, and the later post-import arrangement did not affect customs duty valuation. en-us Thu, 07 Aug 1997 00:00:00 +0530 Fri, 02 Sep 2011 16:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87077 For customs valuation, the transaction value must reflect the price actually paid or payable for the sale that gave rise to importation into India. A lower price negotiated only after the goods had already been imported, landed and unloaded could not replace the original export sale price for assessment purposes. Contemporaneous price data also supported the Department's valuation. The assessable value was therefore correctly based on the original sale price agreed for export to India, and the later post-import arrangement did not affect customs duty valuation. Case-Laws Customs Thu, 07 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87077