https://www.taxtmi.com/caselaws?id=114170 Customs valuation requires assessable value to reflect the ordinary international price of like goods at the time and place of importation, rather than relying mechanically on the invoice price alone. Where comparable import data is used, differences in shipment dates, quantities and invoice dates must be considered, but relevant market-range evidence may still guide valuation. The lower relevant comparable value under the customs valuation rules cannot be ignored when price material is available. On the facts discussed, the declared transaction value was accepted as the correct assessable value and the Department's enhancement was not sustained. 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 Customs valuation requires assessable value to reflect the ordinary international price of like goods at the time and place of importation, rather than relying mechanically on the invoice price alone. Where comparable import data is used, differences in shipment dates, quantities and invoice dates must be considered, but relevant market-range evidence may still guide valuation. The lower relevant comparable value under the customs valuation rules cannot be ignored when price material is available. On the facts discussed, the declared transaction value was accepted as the correct assessable value and the Department's enhancement was not sustained. Case-Laws Customs Mon, 05 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114170