https://www.taxtmi.com/caselaws?id=336454 Valuation of imported mixed floor-sweeping material under Section 14 of the Customs Act, 1962 and the Customs Valuation Rules, 1988 requires acceptance of the declared transaction value unless the department first proves that the invoice price is not the real price paid or payable. Because the department did not establish the exact composition or predominance of any polymer in the consignment, the standing order based on predominant polymer could not be applied. The contemporaneous imports were also not shown to be identical in nature, quantity, quality or commercial level, so Platt quotations and comparable imports could not displace the declared value. The enhancement of assessable value was therefore unsustainable. en-us Mon, 28 Nov 2016 00:00:00 +0530 Wed, 28 Dec 2016 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336454 Valuation of imported mixed floor-sweeping material under Section 14 of the Customs Act, 1962 and the Customs Valuation Rules, 1988 requires acceptance of the declared transaction value unless the department first proves that the invoice price is not the real price paid or payable. Because the department did not establish the exact composition or predominance of any polymer in the consignment, the standing order based on predominant polymer could not be applied. The contemporaneous imports were also not shown to be identical in nature, quantity, quality or commercial level, so Platt quotations and comparable imports could not displace the declared value. The enhancement of assessable value was therefore unsustainable. Case-Laws Customs Mon, 28 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336454