https://www.taxtmi.com/caselaws?id=74161 Declared customs value for imported nickel alloy tubes was rejected because it was inconsistent with comparable imports and unsupported claims of scrap or stock-lot origin. The best judgment reassessment based on metal content and manufacturing cost was upheld, and the under-valuation was confirmed. The steep undervaluation also justified confiscation, redemption fine, and penalty, as it indicated substantial duty evasion. The penalties were treated as commensurate with the gravity of the contravention and not excessive. The Collector's order was sustained in full. en-us Wed, 25 Jan 1989 00:00:00 +0530 Tue, 07 Jun 2011 11:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74161 Declared customs value for imported nickel alloy tubes was rejected because it was inconsistent with comparable imports and unsupported claims of scrap or stock-lot origin. The best judgment reassessment based on metal content and manufacturing cost was upheld, and the under-valuation was confirmed. The steep undervaluation also justified confiscation, redemption fine, and penalty, as it indicated substantial duty evasion. The penalties were treated as commensurate with the gravity of the contravention and not excessive. The Collector's order was sustained in full. Case-Laws Customs Wed, 25 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74161