https://www.taxtmi.com/caselaws?id=83011 Specific import policy entries prevail over general entries: cylindrical locks and door fittings with an in-built locking mechanism were treated as covered by the relevant REP licence entries, so the confiscation for licence violation could not stand. Declared customs value cannot be rejected on the basis of undisclosed market enquiries or mere suspicion; the department must produce cogent evidence to displace the transaction value. On the facts described, the imported goods were held to fall within the licence coverage and the valuation adopted by the department was not justified, resulting in relief to the importer. en-us Mon, 11 Oct 1993 00:00:00 +0530 Fri, 08 Jul 2011 18:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83011 Specific import policy entries prevail over general entries: cylindrical locks and door fittings with an in-built locking mechanism were treated as covered by the relevant REP licence entries, so the confiscation for licence violation could not stand. Declared customs value cannot be rejected on the basis of undisclosed market enquiries or mere suspicion; the department must produce cogent evidence to displace the transaction value. On the facts described, the imported goods were held to fall within the licence coverage and the valuation adopted by the department was not justified, resulting in relief to the importer. Case-Laws Customs Mon, 11 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83011