https://www.taxtmi.com/caselaws?id=106368 Declared invoice value may be rejected where the importer fails to prove the truth of the transaction value or produce reliable supporting documents; comparable imports of the same model can then be used to enhance valuation, and minor time gaps or sub-model variations will not necessarily defeat comparability. The customs authorities may also sustain confiscation, redemption fine and penalties where the facts show deliberate undervaluation and a real importer operating behind the declared importer. A plea based on provisional assessment does not protect a deliberate misdeclaration intended to evade duty. On these facts, the enhanced valuation and punitive measures were upheld. en-us Tue, 28 May 2002 00:00:00 +0530 Tue, 13 Mar 2012 18:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106368 Declared invoice value may be rejected where the importer fails to prove the truth of the transaction value or produce reliable supporting documents; comparable imports of the same model can then be used to enhance valuation, and minor time gaps or sub-model variations will not necessarily defeat comparability. The customs authorities may also sustain confiscation, redemption fine and penalties where the facts show deliberate undervaluation and a real importer operating behind the declared importer. A plea based on provisional assessment does not protect a deliberate misdeclaration intended to evade duty. On these facts, the enhanced valuation and punitive measures were upheld. Case-Laws Customs Tue, 28 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106368