https://www.taxtmi.com/caselaws?id=89076 Declared transaction value in customs valuation is ordinarily to be accepted unless the department produces objective and reliable evidence showing that it is not bona fide. A contemporaneous import can justify rejection only if the comparable goods and trade circumstances are materially similar, including quantity, origin, timing and trading conditions. Here, the relied-upon comparison was defective because the import quantity was not shown, the appellant's import was much larger, and the cited goods moved through Singapore despite Indonesian origin, affecting freight, quantity discount and margin comparisons. On that basis, rejection of the declared value and resort to the residual method were not sustainable, and consequential relief was indicated subject to unjust enrichment. en-us Mon, 01 Jun 1998 00:00:00 +0530 Fri, 23 Sep 2011 12:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89076 Declared transaction value in customs valuation is ordinarily to be accepted unless the department produces objective and reliable evidence showing that it is not bona fide. A contemporaneous import can justify rejection only if the comparable goods and trade circumstances are materially similar, including quantity, origin, timing and trading conditions. Here, the relied-upon comparison was defective because the import quantity was not shown, the appellant's import was much larger, and the cited goods moved through Singapore despite Indonesian origin, affecting freight, quantity discount and margin comparisons. On that basis, rejection of the declared value and resort to the residual method were not sustainable, and consequential relief was indicated subject to unjust enrichment. Case-Laws Customs Mon, 01 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89076