https://www.taxtmi.com/caselaws?id=88195 The valuation of an imported machine was not accepted on the basis of the importer's invoice and cash memo because they did not establish that the goods were identical or truly comparable to the alleged earlier purchase, and the claimed pre-1987 manufacture was not convincingly shown. The alleged United Kingdom comparable price was also rejected as an unreliable valuation basis. The assessable value was therefore fixed at Hong Kong $15,600 FOB, duty was directed to be reassessed on that basis, and the redemption fine was reduced to Rs. 10,000. en-us Fri, 27 Mar 1998 00:00:00 +0530 Thu, 15 Sep 2011 17:36:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88195 The valuation of an imported machine was not accepted on the basis of the importer's invoice and cash memo because they did not establish that the goods were identical or truly comparable to the alleged earlier purchase, and the claimed pre-1987 manufacture was not convincingly shown. The alleged United Kingdom comparable price was also rejected as an unreliable valuation basis. The assessable value was therefore fixed at Hong Kong $15,600 FOB, duty was directed to be reassessed on that basis, and the redemption fine was reduced to Rs. 10,000. Case-Laws Customs Fri, 27 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88195