Goods Undervaluation Case: Evidence Shows Higher Payments to Exporter Than Declared, Indicating Discrepancy in Transaction Value.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Undervaluation of goods - Revenue has been able to show that the actual transaction value i.e. the payment made for the consignments received to the exporter abroad is more than what was declared and excess amounts were transferred by other means - The evidence can never be 100% accurate - Prima facie case is against the assessee - AT....