https://www.taxtmi.com/caselaws?id=89888 Declared transaction value is the primary basis of customs valuation and may be rejected only if the statutory grounds under the valuation rules are proved by evidence. Here, no material showed any restriction, extra remittance, or other reason to treat the declared price as unacceptable, so recourse to a higher contemporaneous import price was not justified. A comparison with another invoice was also inadequate because the imports were in widely different quantities, whereas identical-goods comparison requires substantially the same quantity and commercial level. The declared transaction value therefore had to be accepted. en-us Tue, 06 Oct 1998 00:00:00 +0530 Fri, 30 Sep 2011 12:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89888 Declared transaction value is the primary basis of customs valuation and may be rejected only if the statutory grounds under the valuation rules are proved by evidence. Here, no material showed any restriction, extra remittance, or other reason to treat the declared price as unacceptable, so recourse to a higher contemporaneous import price was not justified. A comparison with another invoice was also inadequate because the imports were in widely different quantities, whereas identical-goods comparison requires substantially the same quantity and commercial level. The declared transaction value therefore had to be accepted. Case-Laws Customs Tue, 06 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89888