https://www.taxtmi.com/caselaws?id=95081 Customs valuation of imported machinery cannot be enhanced merely because another import of similar goods was assessed at a higher price. Reliance on the value of identical goods requires a proper comparison of commercial level and substantially the same quantity under the Customs Valuation Rules, 1988. Where that analysis is not undertaken, a negotiated price, long-standing customer relationship and quantity-based discount cannot be disregarded on a bare presumption of undervaluation. The declared invoice value was therefore to be accepted and the proposed loading of value was unjustified. en-us Fri, 10 Nov 2000 00:00:00 +0530 Wed, 07 Dec 2011 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95081 Customs valuation of imported machinery cannot be enhanced merely because another import of similar goods was assessed at a higher price. Reliance on the value of identical goods requires a proper comparison of commercial level and substantially the same quantity under the Customs Valuation Rules, 1988. Where that analysis is not undertaken, a negotiated price, long-standing customer relationship and quantity-based discount cannot be disregarded on a bare presumption of undervaluation. The declared invoice value was therefore to be accepted and the proposed loading of value was unjustified. Case-Laws Customs Fri, 10 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95081