https://www.taxtmi.com/caselaws?id=96339 A discount cannot be assumed for customs valuation merely because a price list exists; the list or surrounding material must show that the discount was actually available to the importer. Here, the Department's price list was accepted as a valuation basis, but it did not establish any mail-order pricing or discount structure, so the 60% discount allowed by the appellate authority was not sustainable. Because the reduction in redemption fine and penalty flowed only from the lower assessable value, those consequential reductions also could not stand, and the original valuation basis was restored. en-us Sat, 24 Mar 2001 00:00:00 +0530 Wed, 21 Dec 2011 10:53:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96339 A discount cannot be assumed for customs valuation merely because a price list exists; the list or surrounding material must show that the discount was actually available to the importer. Here, the Department's price list was accepted as a valuation basis, but it did not establish any mail-order pricing or discount structure, so the 60% discount allowed by the appellate authority was not sustainable. Because the reduction in redemption fine and penalty flowed only from the lower assessable value, those consequential reductions also could not stand, and the original valuation basis was restored. Case-Laws Customs Sat, 24 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96339