https://www.taxtmi.com/caselaws?id=84345 Declared invoice value for imported phototype setting systems was rejected because the importers did not show an arm's length sale or documentary support for the pricing, and the distributorship relationship and surrounding correspondence indicated influence on the transaction value. Customs valuation was therefore fixed on the basis of contemporaneous comparable imports and other commercial material under the Customs Act and valuation rules. Because the declared value was not accepted, the goods were treated as liable to confiscation; however, the redemption fine was found excessive and was reduced. en-us Sun, 30 Jul 1995 00:00:00 +0530 Thu, 21 Jul 2011 13:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84345 Declared invoice value for imported phototype setting systems was rejected because the importers did not show an arm's length sale or documentary support for the pricing, and the distributorship relationship and surrounding correspondence indicated influence on the transaction value. Customs valuation was therefore fixed on the basis of contemporaneous comparable imports and other commercial material under the Customs Act and valuation rules. Because the declared value was not accepted, the goods were treated as liable to confiscation; however, the redemption fine was found excessive and was reduced. Case-Laws Customs Sun, 30 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84345