https://www.taxtmi.com/caselaws?id=90354 A declared import price cannot be rejected on the basis of contemporaneous import comparison unless the compared goods are of the same grade and the relied-upon transaction is truly contemporaneous. Here, the imported goods were found to be of a different grade from the benchmark goods, and the earlier import was not shown to be truly contemporaneous because the indent dates and letters of credit differed materially. On those facts, the basis for discarding the invoice price was not established, and the valuation in favour of the importer remained undisturbed. en-us Tue, 28 Jan 1997 00:00:00 +0530 Wed, 05 Oct 2011 17:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90354 A declared import price cannot be rejected on the basis of contemporaneous import comparison unless the compared goods are of the same grade and the relied-upon transaction is truly contemporaneous. Here, the imported goods were found to be of a different grade from the benchmark goods, and the earlier import was not shown to be truly contemporaneous because the indent dates and letters of credit differed materially. On those facts, the basis for discarding the invoice price was not established, and the valuation in favour of the importer remained undisturbed. Case-Laws Customs Tue, 28 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90354