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2008 (1) TMI 84 - AT - CustomsOn basis of unsigned invoice, Revenue proceeded against assessee for undervaluation - import of broodmare - payment for the mare was made against exchange permit issued by the RBI - no evidence of remittance of any amount over and above that covered by the foreign demand draft – Supplier has also confirmed that price shown in invoice(which was presented by importer) was correct – Allegation of undervaluation on basis of said invoice(which is not at the time of import) is not justified
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