https://www.taxtmi.com/caselaws?id=368366 Customs valuation of imported cooling pads was examined on the basis of contemporaneous imports of similar or identical goods. The declared value was found to be materially below comparable import prices, so the valuation machinery under customs law was applied. Where multiple comparable transaction values were available, the lowest contemporaneous value had to be adopted rather than an average of the range. Applying that principle, enhancement of value to Rs. 220 per kg was not sustainable when the lowest comparable value was Rs. 180 per kg, and duty was required to be redetermined on that lower basis. en-us Thu, 04 Oct 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368366 Customs valuation of imported cooling pads was examined on the basis of contemporaneous imports of similar or identical goods. The declared value was found to be materially below comparable import prices, so the valuation machinery under customs law was applied. Where multiple comparable transaction values were available, the lowest contemporaneous value had to be adopted rather than an average of the range. Applying that principle, enhancement of value to Rs. 220 per kg was not sustainable when the lowest comparable value was Rs. 180 per kg, and duty was required to be redetermined on that lower basis. Case-Laws Customs Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368366