https://www.taxtmi.com/caselaws?id=98410 Transaction value under customs valuation cannot be rejected unless the authority establishes valid grounds on objective, comparable material. A higher price from another import is insufficient where the comparison lacks particulars on quantity, commercial level, country of origin and grade, and where the importer's invoice and supporting documents are not properly addressed. In the absence of technical literature, test reports or reliable market data showing that the goods were of a standard variety warranting enhancement, rejection of the declared value is unsustainable. The enhanced assessable value was therefore not maintainable and the declared transaction value stood accepted. en-us Thu, 30 Nov 2000 00:00:00 +0530 Wed, 22 Feb 2012 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98410 Transaction value under customs valuation cannot be rejected unless the authority establishes valid grounds on objective, comparable material. A higher price from another import is insufficient where the comparison lacks particulars on quantity, commercial level, country of origin and grade, and where the importer's invoice and supporting documents are not properly addressed. In the absence of technical literature, test reports or reliable market data showing that the goods were of a standard variety warranting enhancement, rejection of the declared value is unsustainable. The enhanced assessable value was therefore not maintainable and the declared transaction value stood accepted. Case-Laws Customs Thu, 30 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98410