https://www.taxtmi.com/caselaws?id=278816 Declared transaction value in customs valuation cannot be rejected and replaced with comparable import values unless the Revenue produces corroborative material showing that the invoice price is incorrect. A marginal price variation over a few months, without more, is insufficient to establish undervaluation, especially where the importer's earlier contract and supporting clearance documents explain the declared value. On the facts discussed, the department did not rebut the transaction value or address the contractual explanation, so rejection of the declared value and re-determination of assessable value were not justified. en-us Thu, 10 Aug 2017 00:00:00 +0530 Fri, 22 Feb 2019 06:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278816 Declared transaction value in customs valuation cannot be rejected and replaced with comparable import values unless the Revenue produces corroborative material showing that the invoice price is incorrect. A marginal price variation over a few months, without more, is insufficient to establish undervaluation, especially where the importer's earlier contract and supporting clearance documents explain the declared value. On the facts discussed, the department did not rebut the transaction value or address the contractual explanation, so rejection of the declared value and re-determination of assessable value were not justified. Case-Laws Customs Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278816