https://www.taxtmi.com/caselaws?id=30289 Declared transaction value for imported goods cannot be rejected merely because contemporaneous imports of similar goods from the same country were assessed at higher prices. Rejection is permissible only where the exceptional circumstances recognised under the valuation rules are established. Here, the sole basis for discarding the declared value was a comparison with higher-priced contemporaneous imports, which was not legally sufficient to displace the transaction value. The declared value was therefore required to be accepted, and the rejection of value and consequential loading were set aside in favour of the importer. en-us Wed, 27 Feb 2008 00:00:00 +0530 Thu, 21 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30289 Declared transaction value for imported goods cannot be rejected merely because contemporaneous imports of similar goods from the same country were assessed at higher prices. Rejection is permissible only where the exceptional circumstances recognised under the valuation rules are established. Here, the sole basis for discarding the declared value was a comparison with higher-priced contemporaneous imports, which was not legally sufficient to displace the transaction value. The declared value was therefore required to be accepted, and the rejection of value and consequential loading were set aside in favour of the importer. Case-Laws Customs Wed, 27 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30289