https://www.taxtmi.com/caselaws?id=338721 Declared transaction value was rejected where the importer's invoices and contract papers were found unreliable because of inconsistencies in letterheads, addresses, signatures and invoice formats, and the manufacturer denied issuing the disputed documents. Hong Kong records also showed intermediary invoices and air waybills preceding the manufacturer's invoices and not matching the declared description or quantity. The Tribunal held that one bill of entry could not serve as contemporaneous evidence for other imports when the underlying documents were suspect. Partial bank records were insufficient to rebut the adverse inference from incomplete remittance evidence and advance-payment endorsements. Re-determination of assessable value on the recovered documents, with adjustments under the Customs Valuation Rules, was upheld. en-us Tue, 03 Jan 2017 00:00:00 +0530 Fri, 10 Feb 2017 08:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338721 Declared transaction value was rejected where the importer's invoices and contract papers were found unreliable because of inconsistencies in letterheads, addresses, signatures and invoice formats, and the manufacturer denied issuing the disputed documents. Hong Kong records also showed intermediary invoices and air waybills preceding the manufacturer's invoices and not matching the declared description or quantity. The Tribunal held that one bill of entry could not serve as contemporaneous evidence for other imports when the underlying documents were suspect. Partial bank records were insufficient to rebut the adverse inference from incomplete remittance evidence and advance-payment endorsements. Re-determination of assessable value on the recovered documents, with adjustments under the Customs Valuation Rules, was upheld. Case-Laws Customs Tue, 03 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338721