https://www.taxtmi.com/caselaws?id=100841 Imported goods are to be valued on transaction value under the Customs Valuation Rules, and the declared price may be rejected only where the Revenue shows material to doubt its genuineness or identifies an applicable exception. Here, the transaction price of the imported car was consistent with the original manufacturer's price and there was no evidence of non-commercial considerations. The higher valuation based only on the Parkers Guide was therefore not sustainable, and the car had to be assessed on its transaction value. en-us Fri, 04 Jan 2002 00:00:00 +0530 Tue, 07 Feb 2012 13:10:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100841 Imported goods are to be valued on transaction value under the Customs Valuation Rules, and the declared price may be rejected only where the Revenue shows material to doubt its genuineness or identifies an applicable exception. Here, the transaction price of the imported car was consistent with the original manufacturer's price and there was no evidence of non-commercial considerations. The higher valuation based only on the Parkers Guide was therefore not sustainable, and the car had to be assessed on its transaction value. Case-Laws Customs Fri, 04 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100841