https://www.taxtmi.com/caselaws?id=109729 Transaction value under customs law cannot be rejected on general claims of higher contemporaneous prices unless the Revenue produces specific comparable imports showing similarity in material respects and proves undervaluation. In this cassia import dispute, the difference between declared and landed weight was explained by hygroscopic moisture absorption, the exporter's inspection certificate, trade understanding, and the time lag before clearance; misdeclaration of quantity was therefore not established. Rejection of the invoice value was also unwarranted because the Revenue failed to discharge the burden of proof. The confiscation and enhanced valuation were set aside, and the importer was exonerated. en-us Thu, 07 Oct 1999 00:00:00 +0530 Wed, 11 Apr 2012 16:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109729 Transaction value under customs law cannot be rejected on general claims of higher contemporaneous prices unless the Revenue produces specific comparable imports showing similarity in material respects and proves undervaluation. In this cassia import dispute, the difference between declared and landed weight was explained by hygroscopic moisture absorption, the exporter's inspection certificate, trade understanding, and the time lag before clearance; misdeclaration of quantity was therefore not established. Rejection of the invoice value was also unwarranted because the Revenue failed to discharge the burden of proof. The confiscation and enhanced valuation were set aside, and the importer was exonerated. Case-Laws Customs Thu, 07 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109729