https://www.taxtmi.com/caselaws?id=270040 Declared import value may be rejected where manufacturer price lists, internal correspondence and related records show the invoice price is not the ordinary transaction value in the course of international trade. The valuation exercise must then proceed sequentially under the Customs Valuation Rules, with recourse to the next applicable rule only after earlier rules are found inapplicable. On the facts recorded, the declared value was not accepted and the Revenue's redetermination of assessable value was sustained. en-us Tue, 03 Nov 2015 00:00:00 +0530 Mon, 28 Dec 2015 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270040 Declared import value may be rejected where manufacturer price lists, internal correspondence and related records show the invoice price is not the ordinary transaction value in the course of international trade. The valuation exercise must then proceed sequentially under the Customs Valuation Rules, with recourse to the next applicable rule only after earlier rules are found inapplicable. On the facts recorded, the declared value was not accepted and the Revenue's redetermination of assessable value was sustained. Case-Laws Customs Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270040