https://www.taxtmi.com/caselaws?id=120222 Declared transaction value of imported goods under a long-term supply agreement with a genuine price variation formula linked to market indices had to be accepted under the Customs valuation framework. Contemporaneous imports from different suppliers, countries of origin and, in some cases, different quantities were not reliable comparables for enhancement. In the absence of evidence that the declared price was unrealistic or that special circumstances justified departure from the transaction value, rejection of the declared value was not permissible. Reliance on cases involving unrealistic or fixed-price transactions was inapplicable on these facts, and enhancement of assessable value was therefore unsustainable. en-us Tue, 05 Dec 2006 00:00:00 +0530 Tue, 17 Jul 2012 16:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120222 Declared transaction value of imported goods under a long-term supply agreement with a genuine price variation formula linked to market indices had to be accepted under the Customs valuation framework. Contemporaneous imports from different suppliers, countries of origin and, in some cases, different quantities were not reliable comparables for enhancement. In the absence of evidence that the declared price was unrealistic or that special circumstances justified departure from the transaction value, rejection of the declared value was not permissible. Reliance on cases involving unrealistic or fixed-price transactions was inapplicable on these facts, and enhancement of assessable value was therefore unsustainable. Case-Laws Customs Tue, 05 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120222