https://www.taxtmi.com/caselaws?id=118034 The Tribunal upheld the duty payment determination for a 100% E.O.U. based on imported consignment prices rather than local market invoice value. It emphasized that duty should align with prices of similar goods imported into India, not domestic market prices, as per Customs Valuation Rules. The Tribunal dismissed the appeal, affirming that domestic sale price does not reflect international trade price under Customs Act, 1962, and import price of identical goods should be used for valuation. (Case Pronounced on 21-4-2006) en-us Fri, 21 Apr 2006 00:00:00 +0530 Thu, 28 Jun 2012 10:11:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118034 The Tribunal upheld the duty payment determination for a 100% E.O.U. based on imported consignment prices rather than local market invoice value. It emphasized that duty should align with prices of similar goods imported into India, not domestic market prices, as per Customs Valuation Rules. The Tribunal dismissed the appeal, affirming that domestic sale price does not reflect international trade price under Customs Act, 1962, and import price of identical goods should be used for valuation. (Case Pronounced on 21-4-2006) Case-Laws Central Excise Fri, 21 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118034