https://www.taxtmi.com/caselaws?id=105934 Declared invoice value for imported components was accepted as the assessable value because the record showed computerized invoicing, price revisions, and invoices raised on the prevailing price list at the time of invoicing. The Tribunal held that a difference between earlier purchase order values and invoice values did not, by itself, establish deliberate suppression, undervaluation, or misdeclaration. On that basis, the customs duty demand and penalty were not sustainable, and the assessee's declared value prevailed under the customs valuation framework. en-us Tue, 06 Jul 1999 00:00:00 +0530 Mon, 12 Mar 2012 10:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105934 Declared invoice value for imported components was accepted as the assessable value because the record showed computerized invoicing, price revisions, and invoices raised on the prevailing price list at the time of invoicing. The Tribunal held that a difference between earlier purchase order values and invoice values did not, by itself, establish deliberate suppression, undervaluation, or misdeclaration. On that basis, the customs duty demand and penalty were not sustainable, and the assessee's declared value prevailed under the customs valuation framework. Case-Laws Customs Tue, 06 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105934