https://www.taxtmi.com/caselaws?id=218394 Declared value of imported old, used and worn clothing intended for fibre recovery could not be enhanced merely because the importer did not produce a manufacturer's invoice or letter of credit. The customs authority's reliance on contemporaneous imports by another importer was unsustainable where it ignored the appellant's own contemporaneous imports of similar goods during the same period, which showed comparable lower prices. On that factual basis, the rejection of the declared value under the Customs Valuation Rules, 1988 was not justified, and the enhancement was set aside while the declared value was accepted. en-us Tue, 30 Oct 2012 00:00:00 +0530 Sat, 03 Aug 2013 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218394 Declared value of imported old, used and worn clothing intended for fibre recovery could not be enhanced merely because the importer did not produce a manufacturer's invoice or letter of credit. The customs authority's reliance on contemporaneous imports by another importer was unsustainable where it ignored the appellant's own contemporaneous imports of similar goods during the same period, which showed comparable lower prices. On that factual basis, the rejection of the declared value under the Customs Valuation Rules, 1988 was not justified, and the enhancement was set aside while the declared value was accepted. Case-Laws Customs Tue, 30 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218394