https://www.taxtmi.com/caselaws?id=104394 Declared transaction value cannot be rejected merely because the manufacturer's invoice is unavailable; rejection requires a legally sustainable and reasoned basis, particularly where prior appellate findings bind the assessing authority. Comparison with imports of prime goods alone does not displace the declared value. Where residual valuation applies to secondary goods because identical or similar goods are unavailable, valuation may refer to prime-goods prices only after a fact-based deduction reflecting quality, defects, specifications and usability. A fixed or arbitrary predetermined percentage deduction is impermissible; the method must be reasonable, evidence-based and consistent with customs valuation principles and section 14. en-us Fri, 04 Jun 1999 00:00:00 +0530 Tue, 28 Feb 2012 18:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104394 Declared transaction value cannot be rejected merely because the manufacturer's invoice is unavailable; rejection requires a legally sustainable and reasoned basis, particularly where prior appellate findings bind the assessing authority. Comparison with imports of prime goods alone does not displace the declared value. Where residual valuation applies to secondary goods because identical or similar goods are unavailable, valuation may refer to prime-goods prices only after a fact-based deduction reflecting quality, defects, specifications and usability. A fixed or arbitrary predetermined percentage deduction is impermissible; the method must be reasonable, evidence-based and consistent with customs valuation principles and section 14. Case-Laws Customs Fri, 04 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104394