https://www.taxtmi.com/caselaws?id=90586 Customs valuation enhancement for imported polypropylene and LDPE must rest on contemporaneous, comparable imports of identical or like goods under Section 14 of the Customs Act and Rule 5 of the Customs Valuation Rules. The department's reliance on a quotation, a manufacturers' association communication, and other unsupported material was insufficient where origin, comparability, quality, and packing were not established. The polypropylene value was therefore restricted for assessment, the declared LDPE value was accepted, and the redemption fine was reduced while the penalty was maintained. en-us Mon, 16 Dec 1996 00:00:00 +0530 Mon, 10 Oct 2011 11:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90586 Customs valuation enhancement for imported polypropylene and LDPE must rest on contemporaneous, comparable imports of identical or like goods under Section 14 of the Customs Act and Rule 5 of the Customs Valuation Rules. The department's reliance on a quotation, a manufacturers' association communication, and other unsupported material was insufficient where origin, comparability, quality, and packing were not established. The polypropylene value was therefore restricted for assessment, the declared LDPE value was accepted, and the redemption fine was reduced while the penalty was maintained. Case-Laws Central Excise Mon, 16 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90586