https://www.taxtmi.com/caselaws?id=94980 Valuation of defective imported stainless steel coils could not be based on prime-coil prices from the London Metal Exchange with an arbitrary 25% deduction, because no material showed that the deduction reflected the actual price difference between prime and defective goods. The supplier had certified the coils as second or third grade, and treating them as comparable to prime material was found unsound. On that basis, the departmental valuation was not sustainable and the appeal failed. en-us Mon, 16 Oct 2000 00:00:00 +0530 Tue, 06 Dec 2011 12:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94980 Valuation of defective imported stainless steel coils could not be based on prime-coil prices from the London Metal Exchange with an arbitrary 25% deduction, because no material showed that the deduction reflected the actual price difference between prime and defective goods. The supplier had certified the coils as second or third grade, and treating them as comparable to prime material was found unsound. On that basis, the departmental valuation was not sustainable and the appeal failed. Case-Laws Customs Mon, 16 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94980