Value should firstly be determined as per value of contemporaneous imports of identical goods

Principal Commissioner Vs Wall Street Impex (CESTAT Delhi)

CESTAT Delhi held that as per Rule 4 of the Customs Valuation (Value of Imported goods) 2007, the value shall be the value of contemporaneous imports of identical goods. If such a value is not found, then as per Rule 5, the value shall then be the value of contemporaneous imports of similar goods. Only if neither is available, Rules, 7 can be resorted to.

Facts- The Show Cause Notices were iss

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