https://www.taxtmi.com/caselaws?id=125650 A genuine commercial discount reflected in correspondence could not be added back to the invoice price for customs valuation where the import was negotiated at arm's length. In the absence of evidence that the buyer and seller were related, that the transaction lacked arm's-length character, or that any extra-commercial consideration existed, the declared transaction value had to be accepted. The valuation rules permit rejection of transaction value only when a statutory ground is established, and a discount by itself is not sufficient to discard the invoice value. The customs valuation enhancement was therefore not sustainable. en-us Mon, 06 Oct 2008 00:00:00 +0530 Sat, 27 Oct 2012 12:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125650 A genuine commercial discount reflected in correspondence could not be added back to the invoice price for customs valuation where the import was negotiated at arm's length. In the absence of evidence that the buyer and seller were related, that the transaction lacked arm's-length character, or that any extra-commercial consideration existed, the declared transaction value had to be accepted. The valuation rules permit rejection of transaction value only when a statutory ground is established, and a discount by itself is not sufficient to discard the invoice value. The customs valuation enhancement was therefore not sustainable. Case-Laws Customs Mon, 06 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125650