https://www.taxtmi.com/caselaws?id=50540 Declared invoice value of imported ball and roller bearings cannot be rejected or enhanced merely on the basis of a foreign manufacturer's quotation when there is no evidence of contemporaneous imports or other material showing that the declared value is unacceptable. Transaction value must be accepted unless the conditions for rejection are established. A precedent involving a special relationship between importer and manufacturer was distinguished on that ground. On this basis, the valuation enhancement and consequential penalty were stated to be unsustainable. en-us Fri, 09 Mar 2001 00:00:00 +0530 Mon, 23 Aug 2010 12:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50540 Declared invoice value of imported ball and roller bearings cannot be rejected or enhanced merely on the basis of a foreign manufacturer's quotation when there is no evidence of contemporaneous imports or other material showing that the declared value is unacceptable. Transaction value must be accepted unless the conditions for rejection are established. A precedent involving a special relationship between importer and manufacturer was distinguished on that ground. On this basis, the valuation enhancement and consequential penalty were stated to be unsustainable. Case-Laws Customs Fri, 09 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50540