https://www.taxtmi.com/caselaws?id=51288 Declared market value for exported goods must be assessed against reliable commercial evidence, with the manufacturer's purchase invoice treated as primary evidence where its authenticity can be verified. Inconclusive market-witness opinions lacking particulars cannot, without material discrediting the invoice price, justify rejection of the declared value. Where the export price is undisputed and no Customs Act violation is established, confiscation and penalty lack a legal foundation and cannot be sustained. The exporter is consequently entitled to DEPB benefit on the declared FOB and market values. en-us Tue, 04 Jun 2002 00:00:00 +0530 Thu, 23 Sep 2010 18:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51288 Declared market value for exported goods must be assessed against reliable commercial evidence, with the manufacturer's purchase invoice treated as primary evidence where its authenticity can be verified. Inconclusive market-witness opinions lacking particulars cannot, without material discrediting the invoice price, justify rejection of the declared value. Where the export price is undisputed and no Customs Act violation is established, confiscation and penalty lack a legal foundation and cannot be sustained. The exporter is consequently entitled to DEPB benefit on the declared FOB and market values. Case-Laws Customs Tue, 04 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51288