Alleged Under-Valuation of Imported Ball Valves and Bibcock: Proforma Invoice Price Not Final, No Extra Payments Proven.

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....Under-valuation of imported goods - Ball Valves and Bibcock - the price quoted in a proforma invoice cannot be held as the actual prices since the price of goods are settled after negotiation between the two parties - The revenue has not produced any document to prove that there was any extra payment made by the appellant towards purchase of the said goods.....