https://www.taxtmi.com/caselaws?id=89443 A genuine re-negotiated price under a recognised forward contract in metals may be accepted as the transaction value for customs valuation where the evidence shows actual remittance of the final invoice amount and no material indicates additional consideration, fraud, or a special understanding. The fact that the price was finalised after arrival does not by itself justify rejection of the declared value under the Customs Act and the Customs Valuation Rules. A lower price also cannot be disregarded merely because it is below an assumed benchmark, especially where the goods are different from those used for comparison and no contemporaneous comparable import price is shown. en-us Fri, 13 Nov 1998 00:00:00 +0530 Tue, 27 Sep 2011 11:06:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89443 A genuine re-negotiated price under a recognised forward contract in metals may be accepted as the transaction value for customs valuation where the evidence shows actual remittance of the final invoice amount and no material indicates additional consideration, fraud, or a special understanding. The fact that the price was finalised after arrival does not by itself justify rejection of the declared value under the Customs Act and the Customs Valuation Rules. A lower price also cannot be disregarded merely because it is below an assumed benchmark, especially where the goods are different from those used for comparison and no contemporaneous comparable import price is shown. Case-Laws Customs Fri, 13 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89443