https://www.taxtmi.com/caselaws?id=4640 Declared customs value could not be rejected where the relied-upon insurance papers were unreliable and the cited contemporaneous imports were not at the same commercial level. The comparables involved much smaller quantities, no proof of identical quality, and a different buyer profile, with one importer being an industrial user while the appellant was a trader importing for resale. On those facts, the contemporaneous imports could not validly support value loading under Section 14 of the Customs Act, 1962 and the valuation rules. The enhancement was unsustainable, and the consequential duty demand, confiscation and penalty were set aside. en-us Thu, 10 Jan 2008 00:00:00 +0530 Fri, 18 Jul 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4640 Declared customs value could not be rejected where the relied-upon insurance papers were unreliable and the cited contemporaneous imports were not at the same commercial level. The comparables involved much smaller quantities, no proof of identical quality, and a different buyer profile, with one importer being an industrial user while the appellant was a trader importing for resale. On those facts, the contemporaneous imports could not validly support value loading under Section 14 of the Customs Act, 1962 and the valuation rules. The enhancement was unsustainable, and the consequential duty demand, confiscation and penalty were set aside. Case-Laws Customs Thu, 10 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4640