https://www.taxtmi.com/caselaws?id=50983 Transaction value under customs valuation cannot be rejected unless the Department adduces cogent evidence showing that the declared price is not genuine. Third-party papers and recorded statements, without contemporaneous import evidence of similar goods at higher prices, were held insufficient to displace the declared value. The burden of proving falsity on a preponderance of probability was not discharged, so enhancement of assessable value was unsustainable. en-us Thu, 13 Sep 2001 00:00:00 +0530 Tue, 21 Sep 2010 11:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50983 Transaction value under customs valuation cannot be rejected unless the Department adduces cogent evidence showing that the declared price is not genuine. Third-party papers and recorded statements, without contemporaneous import evidence of similar goods at higher prices, were held insufficient to displace the declared value. The burden of proving falsity on a preponderance of probability was not discharged, so enhancement of assessable value was unsustainable. Case-Laws Customs Thu, 13 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50983