https://www.taxtmi.com/caselaws?id=50071 Declared transaction value under the Customs Act could not be rejected merely on the basis of an unsigned and unauthenticated supplier quotation, because undervaluation had to be proved by the Revenue with acceptable evidence and the declared price could be discarded only in accordance with the valuation rules. The importer's invoices supported the negotiated price, and a quotation obtained by DRI, without authentication, was insufficient to justify enhancement of assessable value. The rejection of transaction value and the resulting enhancement were therefore unsustainable, in favour of the assessee. en-us Tue, 18 Jul 2000 00:00:00 +0530 Thu, 19 Aug 2010 15:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50071 Declared transaction value under the Customs Act could not be rejected merely on the basis of an unsigned and unauthenticated supplier quotation, because undervaluation had to be proved by the Revenue with acceptable evidence and the declared price could be discarded only in accordance with the valuation rules. The importer's invoices supported the negotiated price, and a quotation obtained by DRI, without authentication, was insufficient to justify enhancement of assessable value. The rejection of transaction value and the resulting enhancement were therefore unsustainable, in favour of the assessee. Case-Laws Customs Tue, 18 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50071