https://www.taxtmi.com/caselaws?id=31621 Declared transaction value for imported goods could not be rejected merely on the basis of one earlier contemporaneous import of smaller quantity and an alleged price variation, where the impugned import was under a bulk contract. The importer supported the declared price with material from the New Zealand Trade Commissioner, and the department produced no documentary evidence of invoice manipulation or any extra consideration. On these facts, the transaction value was not validly rejected under the Customs Valuation Rules, 1988, and the enhancement of assessable value could not be sustained. en-us Tue, 06 May 2008 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31621 Declared transaction value for imported goods could not be rejected merely on the basis of one earlier contemporaneous import of smaller quantity and an alleged price variation, where the impugned import was under a bulk contract. The importer supported the declared price with material from the New Zealand Trade Commissioner, and the department produced no documentary evidence of invoice manipulation or any extra consideration. On these facts, the transaction value was not validly rejected under the Customs Valuation Rules, 1988, and the enhancement of assessable value could not be sustained. Case-Laws Customs Tue, 06 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31621