https://www.taxtmi.com/caselaws?id=111401 Declared transaction value of imported goods cannot be rejected merely because the importer did not produce the manufacturer's invoice. Where no contemporaneous imports of similar or identical goods were available and the goods were not found in the market, valuation could not be determined under Rules 5, 6 and 7 of the Customs Valuation Rules, 1988. In that situation, an assessable value based on an undisclosed market enquiry could not be sustained. The rejection of the transaction value and the loading of value were therefore held unjustified, and the importer succeeded. en-us Thu, 04 Dec 2003 00:00:00 +0530 Mon, 23 Apr 2012 13:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111401 Declared transaction value of imported goods cannot be rejected merely because the importer did not produce the manufacturer's invoice. Where no contemporaneous imports of similar or identical goods were available and the goods were not found in the market, valuation could not be determined under Rules 5, 6 and 7 of the Customs Valuation Rules, 1988. In that situation, an assessable value based on an undisclosed market enquiry could not be sustained. The rejection of the transaction value and the loading of value were therefore held unjustified, and the importer succeeded. Case-Laws Customs Thu, 04 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111401