https://www.taxtmi.com/caselaws?id=92053 Knowingly understated declared value of imported spares may justify rejection of the invoice value, confiscation and penalty where surrounding correspondence and importer conduct show misdeclaration. At the same time, project import benefits under Heading 98.01 are available when the contract is duly registered with the proper officer, even if each item is not separately valued and the claim is first raised after the original bill of entry. The absence of a separate debit in the licence does not by itself defeat eligibility where the import documents and sponsoring authority's letter identify the spares and link them to the project import arrangement. en-us Thu, 01 Oct 1998 00:00:00 +0530 Mon, 24 Oct 2011 12:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92053 Knowingly understated declared value of imported spares may justify rejection of the invoice value, confiscation and penalty where surrounding correspondence and importer conduct show misdeclaration. At the same time, project import benefits under Heading 98.01 are available when the contract is duly registered with the proper officer, even if each item is not separately valued and the claim is first raised after the original bill of entry. The absence of a separate debit in the licence does not by itself defeat eligibility where the import documents and sponsoring authority's letter identify the spares and link them to the project import arrangement. Case-Laws Customs Thu, 01 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92053