https://www.taxtmi.com/caselaws?id=85578 Declared invoice value may be rejected where import documents contain only a bald and incomplete description of the goods and omit particulars material to quality and value, because the invoice price then loses its normal sanctity as transaction value. Although the burden ordinarily lies on the Department to displace invoice value, inadequate or misleading description permits valuation by a reasonably reliable method to ascertain ordinary international price. In the absence of comparable contemporaneous imports, valuation based on brass scrap prices with added manufacturing cost was upheld as reasonable on the facts, and the record also supported deliberate misdeclaration, justifying confiscation, redemption fine, and penalty. en-us Wed, 14 Aug 1996 00:00:00 +0530 Fri, 05 Aug 2011 18:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85578 Declared invoice value may be rejected where import documents contain only a bald and incomplete description of the goods and omit particulars material to quality and value, because the invoice price then loses its normal sanctity as transaction value. Although the burden ordinarily lies on the Department to displace invoice value, inadequate or misleading description permits valuation by a reasonably reliable method to ascertain ordinary international price. In the absence of comparable contemporaneous imports, valuation based on brass scrap prices with added manufacturing cost was upheld as reasonable on the facts, and the record also supported deliberate misdeclaration, justifying confiscation, redemption fine, and penalty. Case-Laws Customs Wed, 14 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85578