https://www.taxtmi.com/caselaws?id=51997 The customs valuation rule required the assessable value of imported furnace oil to be based on the declared transaction value of the goods under assessment. That value could not be rejected merely because contemporaneous imports by other importers were at a higher price, especially where the accepted price arose from a commercial pricing formula agreed between the parties. On that basis, enhancement of value by substituting comparable import prices was held impermissible, and the declared transaction value was accepted. en-us Thu, 17 Jul 2003 00:00:00 +0530 Wed, 29 Sep 2010 16:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51997 The customs valuation rule required the assessable value of imported furnace oil to be based on the declared transaction value of the goods under assessment. That value could not be rejected merely because contemporaneous imports by other importers were at a higher price, especially where the accepted price arose from a commercial pricing formula agreed between the parties. On that basis, enhancement of value by substituting comparable import prices was held impermissible, and the declared transaction value was accepted. Case-Laws Customs Thu, 17 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51997