https://www.taxtmi.com/caselaws?id=383907 Declared value of imported base oil could not be enhanced on the basis of NIDB contemporaneous import data because the relied-upon comparables covered much smaller quantities and the lower authority had not examined quality parameters. For application of Rule 5 of the Customs Valuation Rules, 1988, the comparison must be with identical goods sold at the same commercial level and in substantially the same quantity. As the imports compared were not in substantially the same quantity, the contemporaneous data was not a valid basis to reject the transaction value, and the declared value was accepted. en-us Wed, 19 Jun 2019 00:00:00 +0530 Fri, 02 Aug 2019 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383907 Declared value of imported base oil could not be enhanced on the basis of NIDB contemporaneous import data because the relied-upon comparables covered much smaller quantities and the lower authority had not examined quality parameters. For application of Rule 5 of the Customs Valuation Rules, 1988, the comparison must be with identical goods sold at the same commercial level and in substantially the same quantity. As the imports compared were not in substantially the same quantity, the contemporaneous data was not a valid basis to reject the transaction value, and the declared value was accepted. Case-Laws Customs Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383907