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 ... Summary
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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