https://www.taxtmi.com/caselaws?id=50121 Customs authorities may rely on a manufacturer's price list to test the truth of the declared transaction value where it appears inconsistent with the invoice value. Here, the price list showed a substantially higher value, the goods bore markings matching that list, and the importer produced no documentary evidence to prove a claimed discount or any reduction from the manufacturer's listed price. A prima facie case of undervaluation was therefore established, and the burden shifted to the importer to rebut it. As no satisfactory rebuttal was made, reassessment of the imported goods' value on the basis of the manufacturer's price list was upheld and the differential duty demand remained in force. en-us Thu, 07 Dec 2000 00:00:00 +0530 Thu, 19 Aug 2010 18:00:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50121 Customs authorities may rely on a manufacturer's price list to test the truth of the declared transaction value where it appears inconsistent with the invoice value. Here, the price list showed a substantially higher value, the goods bore markings matching that list, and the importer produced no documentary evidence to prove a claimed discount or any reduction from the manufacturer's listed price. A prima facie case of undervaluation was therefore established, and the burden shifted to the importer to rebut it. As no satisfactory rebuttal was made, reassessment of the imported goods' value on the basis of the manufacturer's price list was upheld and the differential duty demand remained in force. Case-Laws Customs Thu, 07 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50121