https://www.taxtmi.com/caselaws?id=45786 The statutory requirement to declare the "real value" of imported goods turned on the wholesale cash price of like goods at the time and place of importation, with cost-based valuation available only if that price was not ascertainable. The prosecution had to prove the factual conditions justifying departure from the primary valuation method. Mere reliance on customs' alternative valuation or on invoices and an estimated price was insufficient. Because no reliable proof showed that the wholesale cash price of comparable goods could not be ascertained, and payment of a particular price did not by itself establish statutory real value, the charge of cheating failed. en-us Tue, 13 Jan 1942 00:00:00 +0630 Tue, 13 Jul 2010 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45786 The statutory requirement to declare the "real value" of imported goods turned on the wholesale cash price of like goods at the time and place of importation, with cost-based valuation available only if that price was not ascertainable. The prosecution had to prove the factual conditions justifying departure from the primary valuation method. Mere reliance on customs' alternative valuation or on invoices and an estimated price was insufficient. Because no reliable proof showed that the wholesale cash price of comparable goods could not be ascertained, and payment of a particular price did not by itself establish statutory real value, the charge of cheating failed. Case-Laws Customs Tue, 13 Jan 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=45786