https://www.taxtmi.com/caselaws?id=89600 Imported near-complete CAT scan systems assembled through a modular process, with specialised testing and an essential indigenous power converter, were treated as parts for exemption purposes because the notification and interpretative rule had to be read harmoniously. The benefit of Notification No. 66/88-Cus. was therefore available. On valuation, the declared transaction value could not be rejected because the department relied on an exporter's price list for a fully assembled and calibrated system, not contemporaneous comparable imports, and showed no fraud, special relationship, or other basis to discredit the declared value. The reassessment was not sustained. en-us Tue, 29 Sep 1998 00:00:00 +0530 Wed, 28 Sep 2011 13:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89600 Imported near-complete CAT scan systems assembled through a modular process, with specialised testing and an essential indigenous power converter, were treated as parts for exemption purposes because the notification and interpretative rule had to be read harmoniously. The benefit of Notification No. 66/88-Cus. was therefore available. On valuation, the declared transaction value could not be rejected because the department relied on an exporter's price list for a fully assembled and calibrated system, not contemporaneous comparable imports, and showed no fraud, special relationship, or other basis to discredit the declared value. The reassessment was not sustained. Case-Laws Customs Tue, 29 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89600