https://www.taxtmi.com/caselaws?id=96147 Declared import prices should not be rejected for valuation unless supported by adequate contemporaneous evidence; here, the record did not disprove the pleaded currency fluctuation or the possibility of lower international market prices, so the valuation challenge succeeded. Countervailing duty on imports is levied within the customs tariff framework by reference to the effective rate on similar goods manufactured in India, but the small-scale exemption available to indigenous manufacturers does not automatically extend to imported goods absent a specific exemption notification, so that claim failed. The result was a partial allowance, with the valuation issue decided for the assessee and the duty-reduction plea rejected. en-us Tue, 24 Apr 2001 00:00:00 +0530 Sat, 17 Dec 2011 15:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96147 Declared import prices should not be rejected for valuation unless supported by adequate contemporaneous evidence; here, the record did not disprove the pleaded currency fluctuation or the possibility of lower international market prices, so the valuation challenge succeeded. Countervailing duty on imports is levied within the customs tariff framework by reference to the effective rate on similar goods manufactured in India, but the small-scale exemption available to indigenous manufacturers does not automatically extend to imported goods absent a specific exemption notification, so that claim failed. The result was a partial allowance, with the valuation issue decided for the assessee and the duty-reduction plea rejected. Case-Laws Customs Tue, 24 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96147