Lowest Value of Similar Goods Required for Import Valuation; Rejection Deemed Improper Due to Lack of Evidence.

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....Valuation of imported goods - if at all the value of contemporary imports is to be applied, the lowest value of similar goods imported into India is to be adopted. However, in the present case, the department could not bring on record that there are various imports and lowest price among all the imports is adopted. - Rejection of valuation is not proper.....