https://www.taxtmi.com/caselaws?id=80151 SKD/CKD copier imports were required to be tested against the individual licence and the actual goods imported, rather than treated as complete machines merely because they could be assembled into one. Applying the cited Supreme Court precedent, the Tribunal rejected the contrary import-control challenge and held the licence invalid for the items, quantities, descriptions and values imported. It also sustained rejection of the declared invoice value and quotations because the importers had admitted that the prices did not reflect the real value, and the remaining items were assessed under customs valuation rules. Misdeclaration of description and value therefore justified confiscation, redemption fine and penalties. en-us Mon, 31 Oct 1988 00:00:00 +0530 Wed, 15 Jun 2011 11:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80151 SKD/CKD copier imports were required to be tested against the individual licence and the actual goods imported, rather than treated as complete machines merely because they could be assembled into one. Applying the cited Supreme Court precedent, the Tribunal rejected the contrary import-control challenge and held the licence invalid for the items, quantities, descriptions and values imported. It also sustained rejection of the declared invoice value and quotations because the importers had admitted that the prices did not reflect the real value, and the remaining items were assessed under customs valuation rules. Misdeclaration of description and value therefore justified confiscation, redemption fine and penalties. Case-Laws Customs Mon, 31 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80151