Customs Valuation (Determination of value of Imported goods) Rules, 2007 › Customs Valuation (Determination of value of Imported goods) Rules, 2007

Rule 5. Transaction value of similar goods

Customs Valuation (Determination of value of Imported goods) Rules, 2007

Official text

Rule 5. Transaction value of similar goods. —

(1) Subject to the provisions of rule 3, the value of imported goods shall be the transaction value of similar goods sold for export to India and imported at or about the same time as the goods being valued:

Provided that such transaction value shall not be the value of the goods provisionally assessed under section 18 of the Customs Act, 1962.

(2) The provisions of clauses (b) and (c) of sub-rule (1), sub-rule (2) and sub-rule (3), of rule 4 shall, mutatis mutandis , also apply in respect of similar goods.

Judgments on Rule 5

Maruti Fabric Impex vs Ce & Cgst Noida — CESTAT, 7 Sep 2026. A written acceptance of value enhancement waives only the limited procedural right to a speaking order under Section 17(5) and, there being no estoppel against a statute, cannot foreclose the importer's statutory right…
) M/S. S.S. Impex vs Commr. Of Customs (Port), Kolkata — CESTAT, 27 Mar 2012. Casting suspicion on the invoice produced by the importer is not sufficient to reject it as evidence of value; undervaluation must be proved by cogent evidence or comparable imports, and goods once held to be what was…
) M/S. A.N. Impex vs Commr. Of Customs (Port), Kolkata — CESTAT, 27 Mar 2012. Rule 12 of the Customs Valuation Rules, 2007 does not by itself provide a method for determination of value; it only permits rejection of the declared transaction value where reasonable doubt is established with…
Polyglass Acrylic Manufacturing Co Pvt Ltd vs The Additional Director General Through The Director Directorate Of Revenue Intelligence — Delhi High Court, 10 Jan 2025. A show cause notice under Section 28 of the Customs Act that is not adjudicated within the prescribed period lapses and cannot be adjudicated, and repeated placement of the matter in the 'call book' is not a valid…
Commissioner, Customs… vs Cmr Nikkei India Pvt Ltd — CESTAT, 21 Oct 2024. Under rule 9 of the Customs Valuation Rules, 2007, the value of imported goods may be re-determined with reasonable flexibility (including reliance on NIDB data of contemporaneous imports irrespective of country of…