Transaction value duly rejected as there are imports of identical/ similar goods at higher value: Supreme Court

Global Technologies and Research Vs Principal Commissioner of Customs (Supreme Court of India) Supreme Court held that transaction value of imported goods duly discarded/ rejected as it is found that there are imports of identical/ similar goods at higher value at around the same time. Facts- The appellant assessee has been a regular importer of camera stabilizer devices for the last several years. The appellant assessee imported a consignment of camera stabilizer devices under a Bill of Entry dated 16th February 2018. On the basis of the Intelligence, the goods were examined 100% by SIIB offi...