https://www.taxtmi.com/caselaws?id=43261 Customs valuation may depart from declared invoice value where the transaction value is disputed and comparable import data supports a higher assessable value. The valuation rules require acceptance of transaction value only when it can be properly determined; otherwise, sequential resort to identical goods, similar goods, deductive value and residual value is permitted. On the stated facts, the imported goods were not conclusively shown to be identical in all material respects, and the record did not exclude possible commission or brokerage. Accordingly, no writ interference under Article 226 was warranted, and the assessment based on customs valuation was upheld, with the importer left to pursue the appellate remedy and conditional release of goods against security. en-us Thu, 28 Mar 1991 00:00:00 +0530 Thu, 17 Jun 2010 10:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43261 Customs valuation may depart from declared invoice value where the transaction value is disputed and comparable import data supports a higher assessable value. The valuation rules require acceptance of transaction value only when it can be properly determined; otherwise, sequential resort to identical goods, similar goods, deductive value and residual value is permitted. On the stated facts, the imported goods were not conclusively shown to be identical in all material respects, and the record did not exclude possible commission or brokerage. Accordingly, no writ interference under Article 226 was warranted, and the assessment based on customs valuation was upheld, with the importer left to pursue the appellate remedy and conditional release of goods against security. Case-Laws Customs Thu, 28 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43261