https://www.taxtmi.com/caselaws?id=124016 Declared transaction value of imported copper scrap could be rejected only on material showing an abnormal discount or other reliable basis for doubt under the Customs (Valuation) Rules, 1988. Reliance on LME prices for prime metal was insufficient because those prices were only indicative and the goods were copper scrap, not copper. In the absence of evidence for refining charges of US$ 150 per MT, contemporaneous higher imports, or other corroboration, enhancement of value was not justified and the declared value was liable to be accepted. en-us Tue, 08 Jul 2008 00:00:00 +0530 Mon, 04 Sep 2017 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124016 Declared transaction value of imported copper scrap could be rejected only on material showing an abnormal discount or other reliable basis for doubt under the Customs (Valuation) Rules, 1988. Reliance on LME prices for prime metal was insufficient because those prices were only indicative and the goods were copper scrap, not copper. In the absence of evidence for refining charges of US$ 150 per MT, contemporaneous higher imports, or other corroboration, enhancement of value was not justified and the declared value was liable to be accepted. Case-Laws Customs Tue, 08 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124016