https://www.taxtmi.com/caselaws?id=74635 High pressure sodium vapour lamps imported for street lighting were treated as finished consumer goods, not component parts, because use with ballast and other fittings did not convert them into parts of a manufactured product; the import was therefore not covered by a valid licence on that basis. The declared import value was accepted because the department's price list and higher CIF assertion did not sufficiently prove under-invoicing or false transaction value. Confiscation and penalty were sustained in principle for want of valid licence, but the penalty was reduced since under-valuation was not established. en-us Tue, 01 Jan 1985 00:00:00 +0530 Fri, 10 Jun 2011 11:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74635 High pressure sodium vapour lamps imported for street lighting were treated as finished consumer goods, not component parts, because use with ballast and other fittings did not convert them into parts of a manufactured product; the import was therefore not covered by a valid licence on that basis. The declared import value was accepted because the department's price list and higher CIF assertion did not sufficiently prove under-invoicing or false transaction value. Confiscation and penalty were sustained in principle for want of valid licence, but the penalty was reduced since under-valuation was not established. Case-Laws Customs Tue, 01 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74635