https://www.taxtmi.com/caselaws?id=53386 The Tribunal upheld the Commissioner (Appeals)'s decision to reject the appeal and confirm the enhanced value of imported hot rolled stainless steel coils at US $1700 PMT CIF, overruling the appellant's argument for acceptance of the contract price of US $1485 PMT CIF. The Tribunal emphasized the significance of contemporaneous prices of similar goods in determining customs duty assessment, stating that the date of importation is crucial for valuation, not the contract date. The decision underscores the reliance on contemporaneous prices rather than contract prices for accurate valuation in customs matters. en-us Fri, 21 May 2004 00:00:00 +0530 Tue, 12 Oct 2010 18:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53386 The Tribunal upheld the Commissioner (Appeals)'s decision to reject the appeal and confirm the enhanced value of imported hot rolled stainless steel coils at US $1700 PMT CIF, overruling the appellant's argument for acceptance of the contract price of US $1485 PMT CIF. The Tribunal emphasized the significance of contemporaneous prices of similar goods in determining customs duty assessment, stating that the date of importation is crucial for valuation, not the contract date. The decision underscores the reliance on contemporaneous prices rather than contract prices for accurate valuation in customs matters. Case-Laws Customs Fri, 21 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53386