https://www.taxtmi.com/caselaws?id=45536 SC allowed the appeal, holding that the Assistant Collector erred in rejecting the declared transaction value under Rule 4(1) solely because of the vendor's price list. The Court found no justification for bypassing Rule 4(1) and proceeding to subsequent rules; a vendor's price list does not preclude commercially permissible discounts (notably up to 30% and for old stock) and cannot, by itself, displace the declared ordinary sale price. The Tribunal's affirmation of the Assistant Collector's valuation was set aside. en-us Tue, 14 Nov 2000 00:00:00 +0530 Mon, 06 Oct 2025 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45536 SC allowed the appeal, holding that the Assistant Collector erred in rejecting the declared transaction value under Rule 4(1) solely because of the vendor's price list. The Court found no justification for bypassing Rule 4(1) and proceeding to subsequent rules; a vendor's price list does not preclude commercially permissible discounts (notably up to 30% and for old stock) and cannot, by itself, displace the declared ordinary sale price. The Tribunal's affirmation of the Assistant Collector's valuation was set aside. Case-Laws Customs Tue, 14 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45536