https://www.taxtmi.com/caselaws?id=252619 Declared transaction value in customs valuation cannot be rejected unless the department proves genuine comparable or similar goods capable of supporting re-determination. Furniture cannot be treated as comparable merely because it falls within the broad category of furniture, since design, size, materials, filling, upholstery, brand and model can materially affect value. Where the record does not establish commercially interchangeable imports and there is no basis to doubt the genuineness of the declared value, rejection of the transaction value is not justified and the declared value must be accepted. en-us Thu, 01 Aug 2013 00:00:00 +0530 Thu, 30 Oct 2014 09:59:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252619 Declared transaction value in customs valuation cannot be rejected unless the department proves genuine comparable or similar goods capable of supporting re-determination. Furniture cannot be treated as comparable merely because it falls within the broad category of furniture, since design, size, materials, filling, upholstery, brand and model can materially affect value. Where the record does not establish commercially interchangeable imports and there is no basis to doubt the genuineness of the declared value, rejection of the transaction value is not justified and the declared value must be accepted. Case-Laws Customs Thu, 01 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252619