https://www.taxtmi.com/caselaws?id=118956 Customs valuation of imported fabrics must ordinarily proceed on the declared transaction value unless the Revenue shows special circumstances and produces reliable comparable identical goods. Here, the comparison imports were not identical, as they differed in description, width, weight and other import particulars. In the absence of such valid comparables, the declared value could not be rejected and the proposed enhancement of assessable value could not be sustained. The operative principle is that transaction value remains binding unless the statutory basis for departure is established on dependable evidence. en-us Tue, 06 Dec 2005 00:00:00 +0530 Fri, 06 Jul 2012 18:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118956 Customs valuation of imported fabrics must ordinarily proceed on the declared transaction value unless the Revenue shows special circumstances and produces reliable comparable identical goods. Here, the comparison imports were not identical, as they differed in description, width, weight and other import particulars. In the absence of such valid comparables, the declared value could not be rejected and the proposed enhancement of assessable value could not be sustained. The operative principle is that transaction value remains binding unless the statutory basis for departure is established on dependable evidence. Case-Laws Customs Tue, 06 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118956