https://www.taxtmi.com/caselaws?id=97061 Imported goods found on examination to be trade advertising material, not the declared LP mini catalog, were classified under Heading 4911.10, making them importable only against a specific licence and excluding exemption under Notification No. 11/97-Cus.; the classification and denial of exemption were sustained. The declared value was enhanced under the valuation rules because no contemporaneous imports of identical or similar goods were available, and the use of costlier glazed paper provided a reasonable basis for reassessment; the enhancement was upheld. Confiscation remained valid for import without the required licence, but the redemption fine was reduced while the penalty was left undisturbed. en-us Wed, 22 Nov 2000 00:00:00 +0530 Fri, 13 Jan 2012 18:09:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97061 Imported goods found on examination to be trade advertising material, not the declared LP mini catalog, were classified under Heading 4911.10, making them importable only against a specific licence and excluding exemption under Notification No. 11/97-Cus.; the classification and denial of exemption were sustained. The declared value was enhanced under the valuation rules because no contemporaneous imports of identical or similar goods were available, and the use of costlier glazed paper provided a reasonable basis for reassessment; the enhancement was upheld. Confiscation remained valid for import without the required licence, but the redemption fine was reduced while the penalty was left undisturbed. Case-Laws Central Excise Wed, 22 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97061