https://www.taxtmi.com/caselaws?id=91119 Export undervaluation must be assessed under the statutory valuation criteria in Section 14 of the Customs Act, 1962, and not by comparing export price with domestic sale price alone. The note states that confiscation and penalty cannot be sustained unless the department proves, on evidence, the correct export value and the extent of any under-invoicing. It also notes that sample supplies may affect the agreed price and must be considered in valuation. On the stated record, the finding of violation and penalty was unsustainable, and the matter was remanded for fresh adjudication on valuation and penalty. en-us Tue, 16 Dec 1997 00:00:00 +0530 Thu, 13 Oct 2011 18:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91119 Export undervaluation must be assessed under the statutory valuation criteria in Section 14 of the Customs Act, 1962, and not by comparing export price with domestic sale price alone. The note states that confiscation and penalty cannot be sustained unless the department proves, on evidence, the correct export value and the extent of any under-invoicing. It also notes that sample supplies may affect the agreed price and must be considered in valuation. On the stated record, the finding of violation and penalty was unsustainable, and the matter was remanded for fresh adjudication on valuation and penalty. Case-Laws Customs Tue, 16 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91119