https://www.taxtmi.com/caselaws?id=124085 A post-import reduction in price under an addendum could not be used to lower the assessable value of imported vessels where the original memorandum contemplated sale on an as-is-where-is basis, the imported items matched the contracted items, no price-variation clause existed, and there was no pre-import dispute justifying a revised contract price. The later price reduction was therefore not a legally acceptable basis for reassessment of customs value, and the challenge to the lower orders failed. en-us Tue, 20 Nov 2007 00:00:00 +0530 Tue, 25 Sep 2012 13:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124085 A post-import reduction in price under an addendum could not be used to lower the assessable value of imported vessels where the original memorandum contemplated sale on an as-is-where-is basis, the imported items matched the contracted items, no price-variation clause existed, and there was no pre-import dispute justifying a revised contract price. The later price reduction was therefore not a legally acceptable basis for reassessment of customs value, and the challenge to the lower orders failed. Case-Laws Customs Tue, 20 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124085