https://www.taxtmi.com/caselaws?id=118228 Imported re-melted zinc ingots could not be valued by reference to electrolytic high grade zinc ingots because the goods were of a different grade and purity. The record showed that zinc is traded in distinct grades, and the appellant's consignments were closer to other re-melted zinc imports than to special high grade zinc. A valuation exercise based on dissimilar goods was impermissible, and the transaction value could not be rejected on that comparison. The Revenue's own material supported adoption of the lowest comparable transaction value, including re-melted zinc imports near the declared price. The Commissioner's valuation was therefore unsustainable and the appellants succeeded. en-us Wed, 24 May 2006 00:00:00 +0530 Fri, 29 Jun 2012 13:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118228 Imported re-melted zinc ingots could not be valued by reference to electrolytic high grade zinc ingots because the goods were of a different grade and purity. The record showed that zinc is traded in distinct grades, and the appellant's consignments were closer to other re-melted zinc imports than to special high grade zinc. A valuation exercise based on dissimilar goods was impermissible, and the transaction value could not be rejected on that comparison. The Revenue's own material supported adoption of the lowest comparable transaction value, including re-melted zinc imports near the declared price. The Commissioner's valuation was therefore unsustainable and the appellants succeeded. Case-Laws Customs Wed, 24 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118228