https://www.taxtmi.com/caselaws?id=85530 A deduction from invoice price for customs valuation cannot be allowed as transit loss or discount unless actual loss or a legally recognisable price reduction is shown by reliable contemporaneous evidence. The invoices showed a 2 kg per drum deduction for transit and invisible loss, but no material established a negotiated discount, no goods were weighed on arrival to verify the claimed loss, and no pre-clearance steps proved a shortfall. Because the price already reflected an earlier discount, the claimed deduction was not treated as an additional discount or a price reduction available to all customers, and the assessable value remained based on the invoice price. en-us Tue, 16 Jul 1996 00:00:00 +0530 Fri, 05 Aug 2011 16:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85530 A deduction from invoice price for customs valuation cannot be allowed as transit loss or discount unless actual loss or a legally recognisable price reduction is shown by reliable contemporaneous evidence. The invoices showed a 2 kg per drum deduction for transit and invisible loss, but no material established a negotiated discount, no goods were weighed on arrival to verify the claimed loss, and no pre-clearance steps proved a shortfall. Because the price already reflected an earlier discount, the claimed deduction was not treated as an additional discount or a price reduction available to all customers, and the assessable value remained based on the invoice price. Case-Laws Customs Tue, 16 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85530