https://www.taxtmi.com/caselaws?id=74117 Imported shock absorbers were held not to be proved as stock lots or disposal lots because they were brand new, packed in original cartons and purchased from stockists. As the terms "stock lots" and "disposal lots" were not defined in the Import (Control) Order or Import Policy, the department had to establish that the goods were disposal goods on an "as is" or "where is" basis. Mere reliance on different sizes and low value was insufficient, and there was no evidence of wilful misdeclaration or value loading. The confiscation order was therefore not sustainable, and the Collector (Appeals)' order in favour of the assessee was upheld. en-us Fri, 30 Sep 1988 00:00:00 +0530 Mon, 06 Jun 2011 17:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74117 Imported shock absorbers were held not to be proved as stock lots or disposal lots because they were brand new, packed in original cartons and purchased from stockists. As the terms "stock lots" and "disposal lots" were not defined in the Import (Control) Order or Import Policy, the department had to establish that the goods were disposal goods on an "as is" or "where is" basis. Mere reliance on different sizes and low value was insufficient, and there was no evidence of wilful misdeclaration or value loading. The confiscation order was therefore not sustainable, and the Collector (Appeals)' order in favour of the assessee was upheld. Case-Laws Customs Fri, 30 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74117