https://www.taxtmi.com/caselaws?id=434226 Declared transaction value for imported non-calcined petroleum coke cannot be rejected merely because a comparable import shows a higher price. The valuation analysis turns on whether the comparison import is a reliable benchmark under customs rules; here, materially different commercial arrangements, including a long-term large-quantity contract versus a one-off smaller shipment, explained the lower declared price. In the absence of material indicating misdeclaration or another legally sustainable basis, the invoice value should be accepted and value enhancement on the comparable import fails. en-us Fri, 17 Feb 2023 00:00:00 +0530 Mon, 20 Feb 2023 08:25:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434226 Declared transaction value for imported non-calcined petroleum coke cannot be rejected merely because a comparable import shows a higher price. The valuation analysis turns on whether the comparison import is a reliable benchmark under customs rules; here, materially different commercial arrangements, including a long-term large-quantity contract versus a one-off smaller shipment, explained the lower declared price. In the absence of material indicating misdeclaration or another legally sustainable basis, the invoice value should be accepted and value enhancement on the comparable import fails. Case-Laws Customs Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434226