https://www.taxtmi.com/caselaws?id=84465 Imported bearings found on examination to be unused and new, though part of an old stock lot, were not "disposal goods" under the Import Control Order; purchase as a stock lot did not by itself change their character, so they were covered by the import licence. The declared invoice value could not be rejected or enhanced on the basis of undisclosed comparable prices, because the importers were not given fair disclosure or adequate opportunity to explain the alleged discrepancy; the invoice value was therefore accepted. Confiscation, valuation enhancement, fine and penalty were set aside. en-us Fri, 29 Sep 1995 00:00:00 +0530 Fri, 22 Jul 2011 11:21:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84465 Imported bearings found on examination to be unused and new, though part of an old stock lot, were not "disposal goods" under the Import Control Order; purchase as a stock lot did not by itself change their character, so they were covered by the import licence. The declared invoice value could not be rejected or enhanced on the basis of undisclosed comparable prices, because the importers were not given fair disclosure or adequate opportunity to explain the alleged discrepancy; the invoice value was therefore accepted. Confiscation, valuation enhancement, fine and penalty were set aside. Case-Laws Customs Fri, 29 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84465