https://www.taxtmi.com/caselaws?id=43360 Imported goods were to be valued on the invoice price agreed between buyer and seller unless the department showed mutual interest in the parties' business or that the stated price was not the sole consideration for sale. On the facts, there was no material to displace the contracted price or support an allegation of under-invoicing. The customs valuation therefore had to proceed on the declared invoice value, and the departmental attempt to reject that price failed. en-us Mon, 22 Jun 1987 00:00:00 +0530 Thu, 17 Jun 2010 16:00:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43360 Imported goods were to be valued on the invoice price agreed between buyer and seller unless the department showed mutual interest in the parties' business or that the stated price was not the sole consideration for sale. On the facts, there was no material to displace the contracted price or support an allegation of under-invoicing. The customs valuation therefore had to proceed on the declared invoice value, and the departmental attempt to reject that price failed. Case-Laws Customs Mon, 22 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43360