https://www.taxtmi.com/caselaws?id=755266 Declared transaction value cannot be rejected in customs valuation unless a contemporaneous import comparison is made on like terms, including quality, quantity, time of import and commercial level. Here, although the goods were similar in description, the Revenue's comparison was distorted by materially different quantities and by bulk packing at Bangalore versus retail packing at Mumbai. Because those relevant differences were not properly accounted for, the assessable value could not be enhanced on that basis. The rejection of the declared value and the resulting enhancement were held unsustainable, in favour of the assessee. en-us Wed, 20 Dec 2023 00:00:00 +0530 Wed, 10 Jul 2024 08:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755266 Declared transaction value cannot be rejected in customs valuation unless a contemporaneous import comparison is made on like terms, including quality, quantity, time of import and commercial level. Here, although the goods were similar in description, the Revenue's comparison was distorted by materially different quantities and by bulk packing at Bangalore versus retail packing at Mumbai. Because those relevant differences were not properly accounted for, the assessable value could not be enhanced on that basis. The rejection of the declared value and the resulting enhancement were held unsustainable, in favour of the assessee. Case-Laws Customs Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755266