https://www.taxtmi.com/caselaws?id=95458 Declared value under customs valuation could not be rejected on the basis of market enquiry and DRI information where no contemporaneous imports of comparable goods at or about the time of importation were shown. Section 14(1) of the Customs Act requires comparison with goods ordinarily available for sale at the place and time of importation, and the absence of such evidence made revaluation unsustainable. The alleged quality difference was also unsupported by any technical opinion. The declared value was therefore accepted and reassessment was held unsustainable. en-us Wed, 31 Jan 2001 00:00:00 +0530 Mon, 12 Dec 2011 15:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95458 Declared value under customs valuation could not be rejected on the basis of market enquiry and DRI information where no contemporaneous imports of comparable goods at or about the time of importation were shown. Section 14(1) of the Customs Act requires comparison with goods ordinarily available for sale at the place and time of importation, and the absence of such evidence made revaluation unsustainable. The alleged quality difference was also unsupported by any technical opinion. The declared value was therefore accepted and reassessment was held unsustainable. Case-Laws Customs Wed, 31 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95458