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2013 (5) TMI 11 - AT - CustomsEnhancement of assessable value as appellant failed to produce the invoice issued by the manufacturer - confiscation of goods - Held that:- It is settled law that the quotation cannot be the basis for rejection of transaction value unless any other positive evidence of contemporaneous import. The price declared by the importer cannot be disbelieved on the ground that the manufacturers invoice had not been produced particularly when the goods were purchased from a trader on high sea sales. Revenue failed to produce any material to discard the declared price - enhancement of the declared value is not sustainable. In favour of assessee.
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