https://www.taxtmi.com/caselaws?id=211132 Customs valuation may be based on invoice value or rejected where contemporaneous documents and reliable admissions show that the declared transaction value does not reflect the true basis of import. For Swarovski glass chatons and beads, the documents did not establish stock-lot status, the manufacturer's gross-basis price list applied, and the importer's statements and correspondence supported undervaluation and rejection of the declared value, including invocation of the extended period. For Preciosa goods, the record was mixed and did not displace the declared value with comparable certainty, so the importer received the benefit of doubt and the demand was not sustained. en-us Fri, 29 Apr 2011 00:00:00 +0530 Tue, 06 Mar 2012 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211132 Customs valuation may be based on invoice value or rejected where contemporaneous documents and reliable admissions show that the declared transaction value does not reflect the true basis of import. For Swarovski glass chatons and beads, the documents did not establish stock-lot status, the manufacturer's gross-basis price list applied, and the importer's statements and correspondence supported undervaluation and rejection of the declared value, including invocation of the extended period. For Preciosa goods, the record was mixed and did not displace the declared value with comparable certainty, so the importer received the benefit of doubt and the demand was not sustained. Case-Laws Customs Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211132