https://www.taxtmi.com/caselaws?id=370236 Enhancement of assessable value under Rule 6 of the Customs Valuation Rules, 1988 was held unsustainable for a mixed lot of defective GI and insulated wire cuttings. Although misdeclaration was accepted, the goods were not of standard or comparable quality, and the defects, sizes and lengths varied materially. The concept of similar goods applies only where goods are comparable in features, volume, quality and other relevant properties. Because the department relied on the value of other defective goods without establishing true comparability, the proposed valuation was rejected and the assessee succeeded on the valuation issue. en-us Tue, 17 Apr 2018 00:00:00 +0530 Wed, 14 Nov 2018 07:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370236 Enhancement of assessable value under Rule 6 of the Customs Valuation Rules, 1988 was held unsustainable for a mixed lot of defective GI and insulated wire cuttings. Although misdeclaration was accepted, the goods were not of standard or comparable quality, and the defects, sizes and lengths varied materially. The concept of similar goods applies only where goods are comparable in features, volume, quality and other relevant properties. Because the department relied on the value of other defective goods without establishing true comparability, the proposed valuation was rejected and the assessee succeeded on the valuation issue. Case-Laws Customs Tue, 17 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370236