https://www.taxtmi.com/caselaws?id=94692 Customs valuation of imported goods must be determined by reference to the legally relevant date of importation and contemporaneous import prices, rather than by adopting the contract price alone. Premium components said to cover freight, insurance, incidental charges and profit on premium were not accepted as part of assessable value on the stated facts. The valuation order was set aside and the matter remitted for fresh determination in accordance with law after disclosure of contemporaneous import details and opportunity to rebut them. en-us Thu, 27 Jan 2000 00:00:00 +0530 Sat, 03 Dec 2011 11:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94692 Customs valuation of imported goods must be determined by reference to the legally relevant date of importation and contemporaneous import prices, rather than by adopting the contract price alone. Premium components said to cover freight, insurance, incidental charges and profit on premium were not accepted as part of assessable value on the stated facts. The valuation order was set aside and the matter remitted for fresh determination in accordance with law after disclosure of contemporaneous import details and opportunity to rebut them. Case-Laws Customs Thu, 27 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94692