https://www.taxtmi.com/caselaws?id=81398 Customs classification depends on the actual condition of imported goods at the time of import, so goods examined and found to be wall paper were not covered by a licence for decorative paper for laminates. A contemporaneous supplier quotation for the same brand was accepted as a basis for enhancing assessable value where the importers' invoices were not comparable, and later valuation rules were treated as inapplicable to an earlier clearance. Where goods were misdeclared and imported without a valid licence, confiscation and penalty could be sustained, although the personal penalty may be moderated on mitigating facts. en-us Tue, 25 Jun 1991 00:00:00 +0530 Fri, 24 Jun 2011 13:18:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81398 Customs classification depends on the actual condition of imported goods at the time of import, so goods examined and found to be wall paper were not covered by a licence for decorative paper for laminates. A contemporaneous supplier quotation for the same brand was accepted as a basis for enhancing assessable value where the importers' invoices were not comparable, and later valuation rules were treated as inapplicable to an earlier clearance. Where goods were misdeclared and imported without a valid licence, confiscation and penalty could be sustained, although the personal penalty may be moderated on mitigating facts. Case-Laws Customs Tue, 25 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81398