https://www.taxtmi.com/caselaws?id=52726 Imported brass scrap was assessed under the transaction value regime, and the declared value could be rejected only if the conditions for discarding it under the valuation rules were established. Stray higher-value imports were insufficient because no comparable quality, quantity or grade was shown. LME prices were only indicative and could not, by themselves, justify loading the assessable value. The best judgment method under the valuation rules was unavailable until the statutory basis for rejection of the declared value was first satisfied, so enhancement of value was unsustainable and the declared transaction value was accepted. en-us Mon, 23 Feb 2004 00:00:00 +0530 Mon, 24 Jun 2024 20:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52726 Imported brass scrap was assessed under the transaction value regime, and the declared value could be rejected only if the conditions for discarding it under the valuation rules were established. Stray higher-value imports were insufficient because no comparable quality, quantity or grade was shown. LME prices were only indicative and could not, by themselves, justify loading the assessable value. The best judgment method under the valuation rules was unavailable until the statutory basis for rejection of the declared value was first satisfied, so enhancement of value was unsustainable and the declared transaction value was accepted. Case-Laws Customs Mon, 23 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52726