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2016 (9) TMI 173 - AT - CustomsValuation declared value accepted as transaction value - Rule 3(3)(b) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 Helukabel products rejection of transaction value due to fluctuating prices of the goods prices of similar/identical products - Held that: - the order dated 16.1.2008 was passed essentially on the ground that the importer was able to establish that the contemporaneous imports were at a price lower than the transaction value in their case. The order dated 9.2.2011 has been passed without going into the contemporaneous imports of the material time i.e. 2010. It is apparent from the order that no such data was submitted by the appellant or examined by the Assistant Commissioner. The letter dated 02.01.2008 from the foreign supplier, itself admits to the fact that the prices are fluctuating as per the international copper rates - the contemporaneous import prices of identical/similar goods to be considered before accepting the transaction value under Rule 3(3)(b) of the Customs Valuation Rules, 2007- matter remanded to original authority appeal disposed off.
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