https://www.taxtmi.com/caselaws?id=50617 The Appellate Tribunal CEGAT, Court No. I, New Delhi, in a case concerning the valuation of imported goods, emphasized the primacy of transaction value under the Customs Valuation Rule, 1988. The Tribunal held that the reliance on London Metal Bulletin prices alone was not justified without evidence of contemporaneous imports at higher prices. It was ruled that transaction value should not be rejected solely based on lower prices compared to Metal Bulletin quotes. The Tribunal allowed the appeal, setting aside the order and reaffirming that transaction value cannot be rejected without evidence of contemporaneous imports, aligning with past judicial interpretations. en-us Mon, 30 Jul 2001 00:00:00 +0530 Mon, 23 Aug 2010 18:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50617 The Appellate Tribunal CEGAT, Court No. I, New Delhi, in a case concerning the valuation of imported goods, emphasized the primacy of transaction value under the Customs Valuation Rule, 1988. The Tribunal held that the reliance on London Metal Bulletin prices alone was not justified without evidence of contemporaneous imports at higher prices. It was ruled that transaction value should not be rejected solely based on lower prices compared to Metal Bulletin quotes. The Tribunal allowed the appeal, setting aside the order and reaffirming that transaction value cannot be rejected without evidence of contemporaneous imports, aligning with past judicial interpretations. Case-Laws Customs Mon, 30 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50617