https://www.taxtmi.com/caselaws?id=80014 PVC insulating tapes with self-adhesive quality were treated as outside import licences issued for replenishment of packing materials under the Import Trade Policy, 1985-88, because the policy required a direct nexus between the imported material and the exported goods. On valuation, enhancement of assessable value was held unsustainable where the Department failed to produce reliable contemporaneous or comparable evidence of under-valuation; mere dimensional comparison was insufficient under Section 14(1)(a) of the Customs Act, 1962. The stated effect was that confiscation remained sustained, while revaluation and the personal penalty were set aside and the redemption fine was reduced. en-us Wed, 30 Nov 1988 00:00:00 +0530 Tue, 14 Jun 2011 11:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80014 PVC insulating tapes with self-adhesive quality were treated as outside import licences issued for replenishment of packing materials under the Import Trade Policy, 1985-88, because the policy required a direct nexus between the imported material and the exported goods. On valuation, enhancement of assessable value was held unsustainable where the Department failed to produce reliable contemporaneous or comparable evidence of under-valuation; mere dimensional comparison was insufficient under Section 14(1)(a) of the Customs Act, 1962. The stated effect was that confiscation remained sustained, while revaluation and the personal penalty were set aside and the redemption fine was reduced. Case-Laws Customs Wed, 30 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80014