https://www.taxtmi.com/caselaws?id=2144 Declared value under the Customs Act and Customs Valuation Rules must be tested against contemporaneous imports of identical goods; an earlier import more than three months prior, involving a smaller quantity, was not a proper benchmark for later valuation. Quantity difference was a relevant valuation factor, and the record contained no specific ground to reject the declared value, while the alleged downward trend in international prices was unsupported by evidence. Enhancement of value on the basis of the earlier bill of entry was therefore unsustainable, and the declared value could not be rejected on the facts found. en-us Tue, 27 Mar 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2144 Declared value under the Customs Act and Customs Valuation Rules must be tested against contemporaneous imports of identical goods; an earlier import more than three months prior, involving a smaller quantity, was not a proper benchmark for later valuation. Quantity difference was a relevant valuation factor, and the record contained no specific ground to reject the declared value, while the alleged downward trend in international prices was unsupported by evidence. Enhancement of value on the basis of the earlier bill of entry was therefore unsustainable, and the declared value could not be rejected on the facts found. Case-Laws Customs Tue, 27 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2144