https://www.taxtmi.com/caselaws?id=84699 Declared import value cannot be rejected under best judgment valuation unless the department relies on comparable imports that are materially similar in quantity, quality, packing, brand and commercial level, consistent with Section 14 of the Customs Act, 1962 and Rule 8 of the Customs Valuation Rules, 1988. A higher invoice from a different transaction at a different commercial level is not enough to discard the declared value. Where import control violation is established on the facts, confiscation may still stand, but rejection of valuation also affects the quantum of redemption fine and personal penalty, which may require reduction. en-us Fri, 01 Dec 1995 00:00:00 +0530 Mon, 25 Jul 2011 11:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84699 Declared import value cannot be rejected under best judgment valuation unless the department relies on comparable imports that are materially similar in quantity, quality, packing, brand and commercial level, consistent with Section 14 of the Customs Act, 1962 and Rule 8 of the Customs Valuation Rules, 1988. A higher invoice from a different transaction at a different commercial level is not enough to discard the declared value. Where import control violation is established on the facts, confiscation may still stand, but rejection of valuation also affects the quantum of redemption fine and personal penalty, which may require reduction. Case-Laws Customs Fri, 01 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84699