https://www.taxtmi.com/caselaws?id=119519 Declared transaction value of imported condensers could not be rejected merely by relying on a single higher-priced contemporaneous import, because the department failed to prove that the goods were truly identical in brand, origin or specifications. No reliable examination report or other contemporaneous material established equivalence, and the record did not disclose sufficient statutory grounds to displace the declared value. On that basis, the demand for duty, interest and penalty could not be sustained, and the impugned order was set aside. en-us Mon, 20 Mar 2006 00:00:00 +0530 Wed, 11 Jul 2012 15:38:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119519 Declared transaction value of imported condensers could not be rejected merely by relying on a single higher-priced contemporaneous import, because the department failed to prove that the goods were truly identical in brand, origin or specifications. No reliable examination report or other contemporaneous material established equivalence, and the record did not disclose sufficient statutory grounds to displace the declared value. On that basis, the demand for duty, interest and penalty could not be sustained, and the impugned order was set aside. Case-Laws Customs Mon, 20 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119519