https://www.taxtmi.com/caselaws?id=334283 Declared import value may be rejected under the Customs Valuation Rules, 1988 where it is unrealistically low and materially below proximate contemporaneous imports of identical goods from the same supplier. In that situation, assessable value may be enhanced by reference to reliable contemporary imports, especially where the declared price lacks a convincing basis. Imports from another port will not serve as comparable goods unless sameness of supplier, country of origin, and temporal proximity are shown; absent that proof, they cannot displace the Revenue's benchmark. On the stated facts, the Revenue's contemporaneous imports were accepted as the proper valuation yardstick and the enhanced assessable value was sustained. en-us Wed, 17 Aug 2016 00:00:00 +0530 Wed, 09 Nov 2016 13:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334283 Declared import value may be rejected under the Customs Valuation Rules, 1988 where it is unrealistically low and materially below proximate contemporaneous imports of identical goods from the same supplier. In that situation, assessable value may be enhanced by reference to reliable contemporary imports, especially where the declared price lacks a convincing basis. Imports from another port will not serve as comparable goods unless sameness of supplier, country of origin, and temporal proximity are shown; absent that proof, they cannot displace the Revenue's benchmark. On the stated facts, the Revenue's contemporaneous imports were accepted as the proper valuation yardstick and the enhanced assessable value was sustained. Case-Laws Customs Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334283