https://www.taxtmi.com/caselaws?id=31732 Declared customs transaction value cannot be rejected merely because a foreign supplier's website price list shows a higher figure; the department must support enhancement with cogent evidence such as contemporaneous imports of identical or similar goods or other reliable proof of undervaluation. On the facts noted, no such evidence was produced, so value enhancement was unsustainable. An unproved claim that the importer was an exclusive selling agent also did not attract the special-discount rule, because no agreement or other material established exclusive agency in India. The consequential confiscation, duty demand, interest and penalty therefore could not stand. en-us Mon, 28 Jul 2008 00:00:00 +0530 Fri, 05 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31732 Declared customs transaction value cannot be rejected merely because a foreign supplier's website price list shows a higher figure; the department must support enhancement with cogent evidence such as contemporaneous imports of identical or similar goods or other reliable proof of undervaluation. On the facts noted, no such evidence was produced, so value enhancement was unsustainable. An unproved claim that the importer was an exclusive selling agent also did not attract the special-discount rule, because no agreement or other material established exclusive agency in India. The consequential confiscation, duty demand, interest and penalty therefore could not stand. Case-Laws Customs Mon, 28 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31732