https://www.taxtmi.com/caselaws?id=72725 Declared import value cannot be rejected unless the department produces acceptable evidence to displace it. In this customs valuation dispute, the invoice price of imported zip fasteners was not shown to be false or suppressed, and the reliance on an unproduced catalogue and market enquiry was held insufficient to establish undervaluation. Contemporaneous import invoices at similar values further weakened the case for enhancement. The declared value therefore stood, and the allegation of undervaluation was not sustained. A dissenting view preferred de novo adjudication to prove the prevailing market price at the time and place of importation. en-us Thu, 14 Feb 1985 00:00:00 +0530 Tue, 24 May 2011 16:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72725 Declared import value cannot be rejected unless the department produces acceptable evidence to displace it. In this customs valuation dispute, the invoice price of imported zip fasteners was not shown to be false or suppressed, and the reliance on an unproduced catalogue and market enquiry was held insufficient to establish undervaluation. Contemporaneous import invoices at similar values further weakened the case for enhancement. The declared value therefore stood, and the allegation of undervaluation was not sustained. A dissenting view preferred de novo adjudication to prove the prevailing market price at the time and place of importation. Case-Laws Customs Thu, 14 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72725