https://www.taxtmi.com/caselaws?id=81285 Declared invoice value for imported machinery could not be rejected merely because customs authorities referred to a higher price list in departmental records. Under section 14(1)(a) of the Customs Act, the assessable value must reflect the price ordinarily obtainable at the time and place of importation, and rejection of the invoice price requires cogent evidence that it is not genuine. Here, the department did not place the relied-on price list on record, undertook no verification, and produced no evidence of contemporaneous higher imports or any special relationship or extra consideration. The supplier's price list, trade discount and supporting correspondence justified acceptance of the declared value. en-us Wed, 03 Apr 1991 00:00:00 +0530 Thu, 23 Jun 2011 15:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81285 Declared invoice value for imported machinery could not be rejected merely because customs authorities referred to a higher price list in departmental records. Under section 14(1)(a) of the Customs Act, the assessable value must reflect the price ordinarily obtainable at the time and place of importation, and rejection of the invoice price requires cogent evidence that it is not genuine. Here, the department did not place the relied-on price list on record, undertook no verification, and produced no evidence of contemporaneous higher imports or any special relationship or extra consideration. The supplier's price list, trade discount and supporting correspondence justified acceptance of the declared value. Case-Laws Customs Wed, 03 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81285