https://www.taxtmi.com/caselaws?id=92447 An earlier import of identical goods from the same supplier may be used as a valid comparable transaction for customs valuation where the time gap does not, by itself, show a material change in price or market conditions. Here, a three-month interval between the compared imports was held insufficient to displace the earlier price, as the record disclosed no evidence of frequent price fluctuations or any relevant market change, and the earlier price remained steady in later imports. The redemption fine and penalties were also found not unreasonable in the circumstances and were upheld, with the valuation, confiscation, and consequential penalties sustained. en-us Wed, 15 Sep 1999 00:00:00 +0530 Tue, 01 Nov 2011 16:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92447 An earlier import of identical goods from the same supplier may be used as a valid comparable transaction for customs valuation where the time gap does not, by itself, show a material change in price or market conditions. Here, a three-month interval between the compared imports was held insufficient to displace the earlier price, as the record disclosed no evidence of frequent price fluctuations or any relevant market change, and the earlier price remained steady in later imports. The redemption fine and penalties were also found not unreasonable in the circumstances and were upheld, with the valuation, confiscation, and consequential penalties sustained. Case-Laws Customs Wed, 15 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92447