Transaction Value Rejected On Accuracy, Duty On Copper Scrap Re-assessed Based On Similar Imports: CESTAT Upholds Customs Valuation

This article covers a CESTAT order in which the declared transaction value of imported copper scrap was rejected under the Customs Act because the importer’s declared value did not satisfy accuracy requirements, and valuation was re-determined using data on similar imports under Valuation Rule 5. The article discusses due-process in customs valuation, evidentiary standards and compliance risk in import pricing.