https://www.taxtmi.com/caselaws?id=81003 Declared transaction value of imported polystyrene resin had to be accepted for customs valuation where the authorities relied only on comparable import prices and speculative market assumptions. No relationship between supplier and importer, no abnormal consideration, and no reliable evidence of undervaluation or foreign exchange remittance was shown. Contemporaneous invoices and the supplier's certificate supported the declared price, including a later reduction in price. On that record, the declared value could not be rejected, and enhancement of assessable value was unsustainable under the Customs Valuation Rules. en-us Thu, 17 Jan 1991 00:00:00 +0530 Tue, 21 Jun 2011 17:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81003 Declared transaction value of imported polystyrene resin had to be accepted for customs valuation where the authorities relied only on comparable import prices and speculative market assumptions. No relationship between supplier and importer, no abnormal consideration, and no reliable evidence of undervaluation or foreign exchange remittance was shown. Contemporaneous invoices and the supplier's certificate supported the declared price, including a later reduction in price. On that record, the declared value could not be rejected, and enhancement of assessable value was unsustainable under the Customs Valuation Rules. Case-Laws Customs Thu, 17 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81003