https://www.taxtmi.com/caselaws?id=114170 The Appellate Tribunal CEGAT, Mumbai allowed the appeal, determining the correct valuation of imported goods for customs duty purposes. The Tribunal emphasized considering market prices, rules governing valuation, and legal precedents in determining the transaction value for customs assessment. They accepted the price of goods imported by another company as the transaction value, noting the necessity to consider the lowest price under Rule 5(3) of the Customs Valuation Rules. The decision highlighted the importance of assessing goods based on the price at which they are ordinarily sold in international trade. en-us Mon, 05 Jul 1999 00:00:00 +0530 Fri, 11 May 2012 18:02:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114170 The Appellate Tribunal CEGAT, Mumbai allowed the appeal, determining the correct valuation of imported goods for customs duty purposes. The Tribunal emphasized considering market prices, rules governing valuation, and legal precedents in determining the transaction value for customs assessment. They accepted the price of goods imported by another company as the transaction value, noting the necessity to consider the lowest price under Rule 5(3) of the Customs Valuation Rules. The decision highlighted the importance of assessing goods based on the price at which they are ordinarily sold in international trade. Case-Laws Customs Mon, 05 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114170