https://www.taxtmi.com/caselaws?id=84858 Over-valuation of export goods was not established because the market comparison certificates were vague, did not clearly link the sampled goods to the goods examined, and gave no reliable basis for the retail prices quoted. Section 14 of the Customs Act, 1962 was held inapplicable where no customs duty was chargeable, so the statutory valuation method could not be invoked on these facts. Confiscation and penalty under Sections 113 and 114 also failed because the goods were neither prohibited nor otherwise shown to be liable to confiscation, and penalty could not survive without confiscability. The penalty orders were therefore unsustainable. en-us Tue, 24 Oct 1995 00:00:00 +0530 Mon, 01 Aug 2011 11:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84858 Over-valuation of export goods was not established because the market comparison certificates were vague, did not clearly link the sampled goods to the goods examined, and gave no reliable basis for the retail prices quoted. Section 14 of the Customs Act, 1962 was held inapplicable where no customs duty was chargeable, so the statutory valuation method could not be invoked on these facts. Confiscation and penalty under Sections 113 and 114 also failed because the goods were neither prohibited nor otherwise shown to be liable to confiscation, and penalty could not survive without confiscability. The penalty orders were therefore unsustainable. Case-Laws Customs Tue, 24 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84858