https://www.taxtmi.com/caselaws?id=95517 Declared transaction value for an imported consignment had to be accepted where the statutory conditions for rejection under the Customs Act and the Customs Valuation Rules were not met. The higher price of another consignment imported under a different contract could not be used to substitute the declared value, especially where that price related to a renegotiated earlier contract and not to the subject import. The relevant valuation date was the date of importation, not the contract date. Rule 10A, which authorises rejection of transaction value, was not yet in force for a November 1997 import and therefore could not justify enhancement. en-us Fri, 23 Feb 2001 00:00:00 +0530 Tue, 13 Dec 2011 11:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95517 Declared transaction value for an imported consignment had to be accepted where the statutory conditions for rejection under the Customs Act and the Customs Valuation Rules were not met. The higher price of another consignment imported under a different contract could not be used to substitute the declared value, especially where that price related to a renegotiated earlier contract and not to the subject import. The relevant valuation date was the date of importation, not the contract date. Rule 10A, which authorises rejection of transaction value, was not yet in force for a November 1997 import and therefore could not justify enhancement. Case-Laws Customs Fri, 23 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95517