https://www.taxtmi.com/caselaws?id=32021 Declared transaction value for imported goods must be accepted where two separate contracts fixed different prices and no extra consideration was shown to have been paid. In the absence of any special circumstance recognised under Rule 4(2) of the Customs Valuation Rules, 1988, the department could not reject the declared value merely because a later consignment was priced slightly higher. A difference of USD 10 per metric ton, by itself, was insufficient to justify substitution of the earlier contract price, and Section 14 of the Customs Act did not support adoption of a higher presumed value on those facts. en-us Thu, 10 Jul 2008 00:00:00 +0530 Thu, 08 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32021 Declared transaction value for imported goods must be accepted where two separate contracts fixed different prices and no extra consideration was shown to have been paid. In the absence of any special circumstance recognised under Rule 4(2) of the Customs Valuation Rules, 1988, the department could not reject the declared value merely because a later consignment was priced slightly higher. A difference of USD 10 per metric ton, by itself, was insufficient to justify substitution of the earlier contract price, and Section 14 of the Customs Act did not support adoption of a higher presumed value on those facts. Case-Laws Customs Thu, 10 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32021