https://www.taxtmi.com/caselaws?id=348379 Imported machines were required to be valued by reference to comparable imports of identical goods from the same exporters at around the same time, and the department could not ignore those transaction values where the goods and export conditions were at par. Applying Rule 5(3) of the Customs Valuation Rules, the valuation was recomputed at Euro 2,10,000 per machine, with duty payable only on the differential amount. As the valuation basis changed, the penalty had to be aligned to the revised duty difference, and the remaining matters were remitted to the adjudicating authority for fresh decision after reasonable opportunity. en-us Thu, 10 Aug 2017 00:00:00 +0530 Wed, 16 Jan 2019 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348379 Imported machines were required to be valued by reference to comparable imports of identical goods from the same exporters at around the same time, and the department could not ignore those transaction values where the goods and export conditions were at par. Applying Rule 5(3) of the Customs Valuation Rules, the valuation was recomputed at Euro 2,10,000 per machine, with duty payable only on the differential amount. As the valuation basis changed, the penalty had to be aligned to the revised duty difference, and the remaining matters were remitted to the adjudicating authority for fresh decision after reasonable opportunity. Case-Laws Customs Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348379