https://www.taxtmi.com/caselaws?id=89850 Where a genuine reduction in price is communicated by the supplier's agent before shipment and reflects a market-driven change, the invoice value cannot be rejected merely because the purchase order and letter of credit were amended later. The record showed no evidence that the reduction was fictitious, manipulated, or procured by the importer; the later banking-document amendment was only a consequential step. On those facts, the customs authority was not justified in enhancing the assessable value, and the invoice price had to be accepted. en-us Tue, 01 Sep 1998 00:00:00 +0530 Fri, 30 Sep 2011 11:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89850 Where a genuine reduction in price is communicated by the supplier's agent before shipment and reflects a market-driven change, the invoice value cannot be rejected merely because the purchase order and letter of credit were amended later. The record showed no evidence that the reduction was fictitious, manipulated, or procured by the importer; the later banking-document amendment was only a consequential step. On those facts, the customs authority was not justified in enhancing the assessable value, and the invoice price had to be accepted. Case-Laws Customs Tue, 01 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89850