https://www.taxtmi.com/news?id=358 Rejection of an invoice price for customs valuation requires cogent reasons and evidence that the declared transaction value is unreliable; absent contemporaneous or comparable imports evidencing higher prices, the invoice must be accepted as the transaction value. Allegations of undervaluation demand detailed inquiries and adequate evidence by the department; mere suspicion is insufficient and the benefit of doubt favors the importer when comparable-import proof is lacking. en-us Mon, 14 Apr 2008 21:54:00 +0530 Mon, 23 Jun 2008 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=358 Rejection of an invoice price for customs valuation requires cogent reasons and evidence that the declared transaction value is unreliable; absent contemporaneous or comparable imports evidencing higher prices, the invoice must be accepted as the transaction value. Allegations of undervaluation demand detailed inquiries and adequate evidence by the department; mere suspicion is insufficient and the benefit of doubt favors the importer when comparable-import proof is lacking. News - Mon, 14 Apr 2008 21:54:00 +0530 https://www.taxtmi.com/news?id=358