https://www.taxtmi.com/caselaws?id=83602 Imported polystyrene described as Wide Spec or off-grade material was treated as commercially recognised lower-grade goods, and the allegation of misdeclaration was not established. The Department could not reject the declared transaction value because it produced no reliable contemporaneous evidence of identical or similar imports at comparable quantities, and comparison with prime graded material was inappropriate given the inferior quality of the goods. In the absence of proof of deliberate misdeclaration or sustainable undervaluation, penalty was also not justified. The commentary therefore supports acceptance of the declared description and value where off-grade characteristics are shown and no proper valuation evidence is produced. en-us Thu, 22 Sep 1994 00:00:00 +0530 Thu, 14 Jul 2011 14:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83602 Imported polystyrene described as Wide Spec or off-grade material was treated as commercially recognised lower-grade goods, and the allegation of misdeclaration was not established. The Department could not reject the declared transaction value because it produced no reliable contemporaneous evidence of identical or similar imports at comparable quantities, and comparison with prime graded material was inappropriate given the inferior quality of the goods. In the absence of proof of deliberate misdeclaration or sustainable undervaluation, penalty was also not justified. The commentary therefore supports acceptance of the declared description and value where off-grade characteristics are shown and no proper valuation evidence is produced. Case-Laws Customs Thu, 22 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83602