https://www.taxtmi.com/caselaws?id=30217 Rule 5 of the Customs Valuation Rules, 1988 permits comparison of imported goods only with the value of identical imported goods, after making prescribed adjustments for commercial level, quantity and relevant variations. A local market inquiry does not satisfy that statutory test and cannot by itself justify enhancement of assessable value. On that basis, the valuation increase was not sustainable, and the appellate view in favour of the importer was upheld. en-us Tue, 08 Apr 2008 00:00:00 +0530 Mon, 18 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30217 Rule 5 of the Customs Valuation Rules, 1988 permits comparison of imported goods only with the value of identical imported goods, after making prescribed adjustments for commercial level, quantity and relevant variations. A local market inquiry does not satisfy that statutory test and cannot by itself justify enhancement of assessable value. On that basis, the valuation increase was not sustainable, and the appellate view in favour of the importer was upheld. Case-Laws Customs Tue, 08 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30217