https://www.taxtmi.com/caselaws?id=50383 Declared customs transaction value may not be rejected on suspicion or broad allegations of abnormal pricing unless the Department produces cogent evidence showing that the stated price is not genuine. The absence of a written purchase order or exact letter of credit coverage, by itself, was held insufficient to displace the importer's declared value. Reliance on contemporaneous imports also failed because the Department did not furnish the necessary particulars of comparable transactions. The declared value was therefore accepted and the proposed enhancement was not sustained. en-us Wed, 25 Oct 2000 00:00:00 +0530 Sat, 21 Aug 2010 13:34:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50383 Declared customs transaction value may not be rejected on suspicion or broad allegations of abnormal pricing unless the Department produces cogent evidence showing that the stated price is not genuine. The absence of a written purchase order or exact letter of credit coverage, by itself, was held insufficient to displace the importer's declared value. Reliance on contemporaneous imports also failed because the Department did not furnish the necessary particulars of comparable transactions. The declared value was therefore accepted and the proposed enhancement was not sustained. Case-Laws Customs Wed, 25 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50383