https://www.taxtmi.com/caselaws?id=114835 Declared import value may be rejected only if the Customs Valuation Rules are applied in their prescribed sequence, and any alternative benchmark must be based on reliable comparable imports. A single stray import with different country of origin, quantity and import circumstances could not justify enhancement, and the absence of contemporaneous, materially similar goods made Rules 5 and 6 inapplicable. Evidence of multiple clearances at comparable or lower prices, together with correspondence showing a negotiated price, also supported acceptance of the declared value. On these facts, the assessable value could not be enhanced. en-us Thu, 16 Dec 2004 00:00:00 +0530 Mon, 21 May 2012 15:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114835 Declared import value may be rejected only if the Customs Valuation Rules are applied in their prescribed sequence, and any alternative benchmark must be based on reliable comparable imports. A single stray import with different country of origin, quantity and import circumstances could not justify enhancement, and the absence of contemporaneous, materially similar goods made Rules 5 and 6 inapplicable. Evidence of multiple clearances at comparable or lower prices, together with correspondence showing a negotiated price, also supported acceptance of the declared value. On these facts, the assessable value could not be enhanced. Case-Laws Customs Thu, 16 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114835