https://www.taxtmi.com/caselaws?id=118057 Declared transaction value for imported white cane sugar was upheld where it was supported by contemporaneous contract documents, invoice, bill of lading, certificate of origin, weight and quality certificates, and packing list. The higher price declared by another importer for similar goods shipped on the same vessel, but under a later contract and smaller quantity, did not by itself justify enhancement. Because the commodity's international price fluctuated daily and no special circumstances were shown under Rule 4(2) of the Customs (Valuation) Rules, 1988, rejection of the declared value was unwarranted. Valuation enhancement and consequential penalty were therefore unsustainable. en-us Fri, 05 May 2006 00:00:00 +0530 Thu, 28 Jun 2012 11:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118057 Declared transaction value for imported white cane sugar was upheld where it was supported by contemporaneous contract documents, invoice, bill of lading, certificate of origin, weight and quality certificates, and packing list. The higher price declared by another importer for similar goods shipped on the same vessel, but under a later contract and smaller quantity, did not by itself justify enhancement. Because the commodity's international price fluctuated daily and no special circumstances were shown under Rule 4(2) of the Customs (Valuation) Rules, 1988, rejection of the declared value was unwarranted. Valuation enhancement and consequential penalty were therefore unsustainable. Case-Laws Customs Fri, 05 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118057