https://www.taxtmi.com/caselaws?id=124726 Imported yarn could not be revalued on the basis of a contemporaneous import that was not shown to be identical or similar in origin, manufacturing process, or quality. The imported goods were described as centrifugal yarn of Russian origin, while the relied-upon consignment was Chinese continuous spinning yarn with high glue, and the lower authorities failed to address the objection that the two were not comparable. In the absence of any independent material suggesting under-invoicing, the declared assessable value could not be rejected, and invocation of Rule 10A was not justified. en-us Wed, 02 Jul 2008 00:00:00 +0530 Thu, 04 Oct 2012 16:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124726 Imported yarn could not be revalued on the basis of a contemporaneous import that was not shown to be identical or similar in origin, manufacturing process, or quality. The imported goods were described as centrifugal yarn of Russian origin, while the relied-upon consignment was Chinese continuous spinning yarn with high glue, and the lower authorities failed to address the objection that the two were not comparable. In the absence of any independent material suggesting under-invoicing, the declared assessable value could not be rejected, and invocation of Rule 10A was not justified. Case-Laws Customs Wed, 02 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124726