https://www.taxtmi.com/caselaws?id=72806 Declared value of imported bearings supplied under an instalment contract could vary with the market price at the time of each import, and the same value adopted for the earlier shipment did not by itself prove deliberate misdeclaration for the second instalment. In the absence of fresh material or a cogent reason, a later adjudication could not depart from an earlier determination on identical facts. Procedural objections to reliance on an undisclosed invoice and an unsupported profit margin were noted, but no remand was needed because confiscation itself could not be sustained. The finding of deliberate misdeclaration was set aside and the confiscation and penalty were quashed. en-us Tue, 03 Feb 1987 00:00:00 +0530 Wed, 25 May 2011 12:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72806 Declared value of imported bearings supplied under an instalment contract could vary with the market price at the time of each import, and the same value adopted for the earlier shipment did not by itself prove deliberate misdeclaration for the second instalment. In the absence of fresh material or a cogent reason, a later adjudication could not depart from an earlier determination on identical facts. Procedural objections to reliance on an undisclosed invoice and an unsupported profit margin were noted, but no remand was needed because confiscation itself could not be sustained. The finding of deliberate misdeclaration was set aside and the confiscation and penalty were quashed. Case-Laws Customs Tue, 03 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72806