https://www.taxtmi.com/caselaws?id=98994 Contemporaneous import evidence supported enhancement of the declared value of imported cloves, because the importer's claim of inferior quality was not substantiated by the invoice or other material and trading through Singapore did not establish lower quality. Confiscation and penalty were also legally sustainable as the import was contrary to the policy then in force. However, the earlier policy position, the timing of the order, and an official communication indicating permissibility for letter of authority holders justified a reduced quantum, so the redemption fine and penalty were moderated in favour of the assessee. en-us Thu, 01 Jun 2000 00:00:00 +0530 Tue, 24 Jan 2012 17:45:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98994 Contemporaneous import evidence supported enhancement of the declared value of imported cloves, because the importer's claim of inferior quality was not substantiated by the invoice or other material and trading through Singapore did not establish lower quality. Confiscation and penalty were also legally sustainable as the import was contrary to the policy then in force. However, the earlier policy position, the timing of the order, and an official communication indicating permissibility for letter of authority holders justified a reduced quantum, so the redemption fine and penalty were moderated in favour of the assessee. Case-Laws Customs Thu, 01 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98994