https://www.taxtmi.com/caselaws?id=349065 Declared import value cannot be rejected merely because a proforma invoice suggests a higher price. The Department must produce reliable evidence of actual contemporaneous imports of identical or comparable goods at the higher value before enhancing assessable value. Here, the relied-upon document was only a proforma invoice, not proof of an actual commercial sale, and no invoice was produced to establish the asserted higher contemporaneous price. In the absence of such evidence, enhancement of value could not be sustained and the Revenue's challenge failed. en-us Wed, 26 Jul 2017 00:00:00 +0530 Thu, 21 Feb 2019 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349065 Declared import value cannot be rejected merely because a proforma invoice suggests a higher price. The Department must produce reliable evidence of actual contemporaneous imports of identical or comparable goods at the higher value before enhancing assessable value. Here, the relied-upon document was only a proforma invoice, not proof of an actual commercial sale, and no invoice was produced to establish the asserted higher contemporaneous price. In the absence of such evidence, enhancement of value could not be sustained and the Revenue's challenge failed. Case-Laws Customs Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349065