https://www.taxtmi.com/caselaws?id=101085 Contemporaneous invoices, export declarations and direct shipment particulars showing a higher value than that declared by the importer supported rejection of the declared transaction value as the assessable value. On that basis, waiver of pre-deposit of the duty demand was refused. Interim protection was nevertheless granted for the penalty component, with recovery of that portion stayed pending appeal. The governing principle is that documentary evidence indicating understatement of import value can justify requiring pre-deposit of duty, while separate interim relief may be considered for penalties. en-us Mon, 21 Jan 2002 00:00:00 +0530 Wed, 08 Feb 2012 15:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101085 Contemporaneous invoices, export declarations and direct shipment particulars showing a higher value than that declared by the importer supported rejection of the declared transaction value as the assessable value. On that basis, waiver of pre-deposit of the duty demand was refused. Interim protection was nevertheless granted for the penalty component, with recovery of that portion stayed pending appeal. The governing principle is that documentary evidence indicating understatement of import value can justify requiring pre-deposit of duty, while separate interim relief may be considered for penalties. Case-Laws Customs Mon, 21 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101085