https://www.taxtmi.com/caselaws?id=196153 The High Court set aside the Settlement Commission's orders settling the duty liability for 11 shipments at Rs. 21,35,879/- instead of the disclosed Rs. 6 lakhs. The Court emphasized the necessity of applying Rule 5(3) of the Customs Valuation Rules, which requires using the lowest transaction value for identical goods. The petition was allowed, ruling in favor of the petitioner without costs. en-us Tue, 27 Jul 2010 00:00:00 +0530 Mon, 20 Nov 2017 17:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196153 The High Court set aside the Settlement Commission's orders settling the duty liability for 11 shipments at Rs. 21,35,879/- instead of the disclosed Rs. 6 lakhs. The Court emphasized the necessity of applying Rule 5(3) of the Customs Valuation Rules, which requires using the lowest transaction value for identical goods. The petition was allowed, ruling in favor of the petitioner without costs. Case-Laws Customs Tue, 27 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196153