https://www.taxtmi.com/caselaws?id=250481 Declared transaction value of imported goods cannot be rejected merely because identical goods imported contemporaneously in the same vessel were invoiced at a higher price. Where the import is supported by the contract price and there is no evidence of extra consideration, collusion, misdeclaration or undervaluation, contemporaneous price comparison alone does not justify enhancement of assessable value. Different contracts and fluctuating international prices weaken reliance on the higher import price as a benchmark. The declared value was therefore accepted and enhancement of assessable value was not justified. en-us Tue, 27 May 2014 00:00:00 +0530 Thu, 14 Aug 2014 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250481 Declared transaction value of imported goods cannot be rejected merely because identical goods imported contemporaneously in the same vessel were invoiced at a higher price. Where the import is supported by the contract price and there is no evidence of extra consideration, collusion, misdeclaration or undervaluation, contemporaneous price comparison alone does not justify enhancement of assessable value. Different contracts and fluctuating international prices weaken reliance on the higher import price as a benchmark. The declared value was therefore accepted and enhancement of assessable value was not justified. Case-Laws Customs Tue, 27 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250481