https://www.taxtmi.com/caselaws?id=124863 Contemporaneous imports of identical or similar goods at Chennai Customs House provided a valid basis for customs valuation, and the objection that comparable imports must be from the same port had no legal basis. In the presence of reliable contemporaneous import data, the declared transaction value of imported cosmetics could not be displaced in favour of an enhanced value under Rule 8. The accepted valuation therefore remained on the basis of comparable imports rather than unsupported enhancement, and the challenge to the declared value failed. en-us Wed, 17 Dec 2008 00:00:00 +0530 Tue, 16 Oct 2012 15:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124863 Contemporaneous imports of identical or similar goods at Chennai Customs House provided a valid basis for customs valuation, and the objection that comparable imports must be from the same port had no legal basis. In the presence of reliable contemporaneous import data, the declared transaction value of imported cosmetics could not be displaced in favour of an enhanced value under Rule 8. The accepted valuation therefore remained on the basis of comparable imports rather than unsupported enhancement, and the challenge to the declared value failed. Case-Laws Customs Wed, 17 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124863