Doubt on transaction value arises when declared price departs from comparable or market value or parameters are misdeclared. Rule 7(b) lists indicators for doubting declared transaction value: comparable supplies at significantly higher value; declared price substantially departs from market value; and misdeclaration of parameters like description, quantity, quality or year of make. The list is indicative and not exhaustive.
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Provisions expressly mentioned in the judgment/order text.
Doubt on transaction value arises when declared price departs from comparable or market value or parameters are misdeclared.
Rule 7(b) lists indicators for doubting declared transaction value: comparable supplies at significantly higher value; declared price substantially departs from market value; and misdeclaration of parameters like description, quantity, quality or year of make. The list is indicative and not exhaustive.
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