https://www.taxtmi.com/caselaws?id=80843 Imported goods were found on examination to be snap fasteners, not the rivets declared in the bills of entry, and the two consignments were rightly clubbed as parts of the same import. Because the declared value related to the misdescribed goods, transaction value was rejected and residual valuation under the Customs Valuation Rules was upheld on the basis of contemporary material available to the Department. The import was also held contrary to the licence produced, making the goods liable to confiscation, with redemption fine and penalty sustained for deliberate misdescription and undervaluation intended to evade duty and import restrictions. en-us Fri, 31 Aug 1990 00:00:00 +0530 Mon, 20 Jun 2011 16:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80843 Imported goods were found on examination to be snap fasteners, not the rivets declared in the bills of entry, and the two consignments were rightly clubbed as parts of the same import. Because the declared value related to the misdescribed goods, transaction value was rejected and residual valuation under the Customs Valuation Rules was upheld on the basis of contemporary material available to the Department. The import was also held contrary to the licence produced, making the goods liable to confiscation, with redemption fine and penalty sustained for deliberate misdescription and undervaluation intended to evade duty and import restrictions. Case-Laws Customs Fri, 31 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80843