https://www.taxtmi.com/caselaws?id=203715 Declared transaction value cannot be rejected merely because contemporaneous imports were at a slightly higher price. Where the import is supported by the purchase order, sales order confirmation, commercial invoice and bill of lading, and there is no evidence of any flow back of money or other material discrediting the invoice price, the declared value remains acceptable. A marginal price variation, by itself, is insufficient to undermine genuineness of the transaction value. The rejection of the declared value and enhancement of assessable value were therefore not justified, and the issue was decided in favour of the assessee. en-us Wed, 11 May 2011 00:00:00 +0530 Fri, 31 Aug 2012 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203715 Declared transaction value cannot be rejected merely because contemporaneous imports were at a slightly higher price. Where the import is supported by the purchase order, sales order confirmation, commercial invoice and bill of lading, and there is no evidence of any flow back of money or other material discrediting the invoice price, the declared value remains acceptable. A marginal price variation, by itself, is insufficient to undermine genuineness of the transaction value. The rejection of the declared value and enhancement of assessable value were therefore not justified, and the issue was decided in favour of the assessee. Case-Laws Customs Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203715