https://www.taxtmi.com/caselaws?id=73773 Customs mis-declaration was established where import documents described the goods as Methyl Acrylate Polymer, but chemical testing identified Polymethyl Methacrylate. The declared value could not be sustained because the enhancement rested on one higher comparable import without reasoned rejection of three contemporaneous lower imports; the valuation was remanded for de novo determination under the customs valuation framework. Because valuation was reopened, the redemption fine and penalty imposed on that basis were set aside for reconsideration, while the mis-declaration finding remained intact and the quantum could be reworked on remand. en-us Fri, 10 Jun 1988 00:00:00 +0530 Fri, 03 Jun 2011 15:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73773 Customs mis-declaration was established where import documents described the goods as Methyl Acrylate Polymer, but chemical testing identified Polymethyl Methacrylate. The declared value could not be sustained because the enhancement rested on one higher comparable import without reasoned rejection of three contemporaneous lower imports; the valuation was remanded for de novo determination under the customs valuation framework. Because valuation was reopened, the redemption fine and penalty imposed on that basis were set aside for reconsideration, while the mis-declaration finding remained intact and the quantum could be reworked on remand. Case-Laws Customs Fri, 10 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73773