https://www.taxtmi.com/caselaws?id=94988 LME quotations may be used as a guide in valuing imported goods, but they cannot be applied rigidly to every transaction. Where the invoice price of cobalt metal briquettes was only marginally lower than the quoted LME price, and the small variation was explained by the time gap between import and quotation, enhancement of assessable value was not justified. The department's attempt to rely solely on LME quotations therefore failed. en-us Tue, 17 Oct 2000 00:00:00 +0530 Tue, 06 Dec 2011 12:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94988 LME quotations may be used as a guide in valuing imported goods, but they cannot be applied rigidly to every transaction. Where the invoice price of cobalt metal briquettes was only marginally lower than the quoted LME price, and the small variation was explained by the time gap between import and quotation, enhancement of assessable value was not justified. The department's attempt to rely solely on LME quotations therefore failed. Case-Laws Customs Tue, 17 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94988