https://www.taxtmi.com/caselaws?id=99125 For customs valuation of imported machinery, the total price stated in the contract and commercial invoice was treated as the governing assessable value where those documents consistently reflected a CIF price, even though individual machine prices were shown as FOB. The foreign supplier's clarification explaining the discrepancy between the two expressions was accepted because no contrary evidence was produced to discredit the invoice value. The assessable value was therefore required to be taken as CIF, and the importer's contention succeeded. en-us Mon, 07 Aug 2000 00:00:00 +0530 Wed, 25 Jan 2012 12:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99125 For customs valuation of imported machinery, the total price stated in the contract and commercial invoice was treated as the governing assessable value where those documents consistently reflected a CIF price, even though individual machine prices were shown as FOB. The foreign supplier's clarification explaining the discrepancy between the two expressions was accepted because no contrary evidence was produced to discredit the invoice value. The assessable value was therefore required to be taken as CIF, and the importer's contention succeeded. Case-Laws Customs Mon, 07 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99125