https://www.taxtmi.com/caselaws?id=86083 In customs valuation disputes, where the importer's explanation depends on facts within its special knowledge, the burden lies on the importer to substantiate the lower valuation and origin claim. The adjudicating authority may determine assessable value under the valuation rules using quotation evidence and comparable import data, with a reasonable allowance for commercial variation and negotiability. On that basis, valuation at US $ 11.25 per kg was upheld. Because the enhanced value exceeded licence coverage, confiscation and redemption fine were sustained, while the penalty was reduced in the assessee's favour. en-us Tue, 24 Dec 1996 00:00:00 +0530 Wed, 10 Aug 2011 11:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86083 In customs valuation disputes, where the importer's explanation depends on facts within its special knowledge, the burden lies on the importer to substantiate the lower valuation and origin claim. The adjudicating authority may determine assessable value under the valuation rules using quotation evidence and comparable import data, with a reasonable allowance for commercial variation and negotiability. On that basis, valuation at US $ 11.25 per kg was upheld. Because the enhanced value exceeded licence coverage, confiscation and redemption fine were sustained, while the penalty was reduced in the assessee's favour. Case-Laws Customs Tue, 24 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86083