https://www.taxtmi.com/caselaws?id=332858 Imported tyres could not have their transaction value rejected for enhancement merely on the basis of a relied-upon contemporaneous import where the goods were of a different brand, imported in substantially larger quantities, and not shown to be identical or similar in all material respects. The Customs Valuation Rules, 1988 require credible evidence that the declared price is incorrect and that any comparison goods share like characteristics, quality, reputation, and commercial interchangeability. Lower-value contemporaneous imports by other importers also weakened the enhancement basis. As no reliable contemporaneous evidence was produced to justify discarding the declared value, the assessable value enhancement was held unjustified and consequential relief followed. en-us Wed, 14 Sep 2016 00:00:00 +0530 Sat, 19 Aug 2017 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332858 Imported tyres could not have their transaction value rejected for enhancement merely on the basis of a relied-upon contemporaneous import where the goods were of a different brand, imported in substantially larger quantities, and not shown to be identical or similar in all material respects. The Customs Valuation Rules, 1988 require credible evidence that the declared price is incorrect and that any comparison goods share like characteristics, quality, reputation, and commercial interchangeability. Lower-value contemporaneous imports by other importers also weakened the enhancement basis. As no reliable contemporaneous evidence was produced to justify discarding the declared value, the assessable value enhancement was held unjustified and consequential relief followed. Case-Laws Customs Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332858