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Customs - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Valuation - the transaction value has been sought to be rejected ...


Transaction Value Challenge: Insufficient Grounds for Rejection Based on Price List and Market Enquiry Alone.

June 26, 2017

Case Laws     Customs     AT

Valuation - the transaction value has been sought to be rejected only on the basis of the price list, catalogue, market enquiry as well as contemporaneous import of some of the items. All these grounds can at best raise a suspicion that value declared for assessment may be less.

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