https://www.taxtmi.com/caselaws?id=307192 Contemporaneous import data may justify rejection of a declared transaction value where the invoice price is shown to be abnormally low compared with comparable imports. Here, the declared values were only a fraction of contemporaneous import prices, and the discount supported rejection of the invoice value under Rule 4(2) of the Customs Valuation Rules, 1988. However, an assessable value already fixed in the original assessment for one bill of entry could not be enhanced further on the same facts, and the original assessed value was restored for that bill. Revised values based on contemporaneous data were sustained for the remaining bills of entry. en-us Tue, 16 Jul 2019 00:00:00 +0530 Fri, 24 Mar 2023 19:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307192 Contemporaneous import data may justify rejection of a declared transaction value where the invoice price is shown to be abnormally low compared with comparable imports. Here, the declared values were only a fraction of contemporaneous import prices, and the discount supported rejection of the invoice value under Rule 4(2) of the Customs Valuation Rules, 1988. However, an assessable value already fixed in the original assessment for one bill of entry could not be enhanced further on the same facts, and the original assessed value was restored for that bill. Revised values based on contemporaneous data were sustained for the remaining bills of entry. Case-Laws Customs Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307192