https://www.taxtmi.com/caselaws?id=343873 Declared transaction value of imported tyres could not be rejected because the Revenue failed to prove that the relied-upon import was truly identical or similar for valuation purposes. The Tribunal noted differences in brand and quantity, and found no evidence of comparability in quality, reputation or market standing. It also observed that contemporaneous imports reflected lower values. In the absence of reliable contemporaneous evidence satisfying the valuation rules, enhancement of value was unsustainable and the goods were to be assessed on the declared value. en-us Wed, 29 Mar 2017 00:00:00 +0530 Mon, 25 Sep 2017 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343873 Declared transaction value of imported tyres could not be rejected because the Revenue failed to prove that the relied-upon import was truly identical or similar for valuation purposes. The Tribunal noted differences in brand and quantity, and found no evidence of comparability in quality, reputation or market standing. It also observed that contemporaneous imports reflected lower values. In the absence of reliable contemporaneous evidence satisfying the valuation rules, enhancement of value was unsustainable and the goods were to be assessed on the declared value. Case-Laws Customs Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343873