https://www.taxtmi.com/caselaws?id=52802 Declared transaction value for imported goods cannot be rejected merely because a contemporaneous import of similar goods was made at a higher price. The importer had declared US Dollar 1 per metre for mulberry silk fabrics, while enhancement was attempted only on the basis of another import at US Dollar 1.29 per metre. In the absence of material showing that the declared price was not the full commercial price, and where the price difference was plausibly explained by the substantial difference in quantity between the consignments, the higher contemporaneous value by itself was insufficient to justify reassessment. The attempted enhancement of assessable value was therefore unsustainable. en-us Tue, 27 Apr 2004 00:00:00 +0530 Thu, 07 Oct 2010 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52802 Declared transaction value for imported goods cannot be rejected merely because a contemporaneous import of similar goods was made at a higher price. The importer had declared US Dollar 1 per metre for mulberry silk fabrics, while enhancement was attempted only on the basis of another import at US Dollar 1.29 per metre. In the absence of material showing that the declared price was not the full commercial price, and where the price difference was plausibly explained by the substantial difference in quantity between the consignments, the higher contemporaneous value by itself was insufficient to justify reassessment. The attempted enhancement of assessable value was therefore unsustainable. Case-Laws Customs Tue, 27 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52802