Under-valuation of imported goods - Ball Valves and Bibcock - ...
Case Laws Customs
January 14, 2020
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.
View Source