https://www.taxtmi.com/caselaws?id=85407 Goods imported in SKD condition are classified by their true commercial substance, not merely by form. Where examination, carton markings and the importer's own statement show that the consignments are complete thermostatic expansion valves and dial thermometers, they fall outside OGL for components and require a specific licence. On valuation, foreign invoices, price lists and other investigation material may be relied on where they corroborate the real transaction and export price, especially if the declared value is unsupported by the manufacturer's own price list or invoice. The impugned confiscation, redemption fine, penalty and valuation determination were upheld. en-us Thu, 04 Jul 1996 00:00:00 +0530 Thu, 04 Aug 2011 17:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85407 Goods imported in SKD condition are classified by their true commercial substance, not merely by form. Where examination, carton markings and the importer's own statement show that the consignments are complete thermostatic expansion valves and dial thermometers, they fall outside OGL for components and require a specific licence. On valuation, foreign invoices, price lists and other investigation material may be relied on where they corroborate the real transaction and export price, especially if the declared value is unsupported by the manufacturer's own price list or invoice. The impugned confiscation, redemption fine, penalty and valuation determination were upheld. Case-Laws Customs Thu, 04 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85407