https://www.taxtmi.com/caselaws?id=50830 Customs valuation must rest on reliable contemporaneous imports of identical or genuinely similar goods, and not on dissimilar products or indigenous price data. On transistors and diodes, the comparison was too broad and unsupported by evidence of comparable imports, so the enhanced value was not sustained. For trimpots, comparison with the same type of goods imported near the same time was accepted, and the undervaluation finding was upheld. The consequential duty, redemption fine, and penalty required fresh determination because the bill of entry was unavailable for final computation, so the matter was remanded on those liabilities. en-us Thu, 16 Aug 2001 00:00:00 +0530 Fri, 17 Sep 2010 15:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50830 Customs valuation must rest on reliable contemporaneous imports of identical or genuinely similar goods, and not on dissimilar products or indigenous price data. On transistors and diodes, the comparison was too broad and unsupported by evidence of comparable imports, so the enhanced value was not sustained. For trimpots, comparison with the same type of goods imported near the same time was accepted, and the undervaluation finding was upheld. The consequential duty, redemption fine, and penalty required fresh determination because the bill of entry was unavailable for final computation, so the matter was remanded on those liabilities. Case-Laws Customs Thu, 16 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50830