https://www.taxtmi.com/caselaws?id=107639 Declared transaction value was not rejected because no legally sustainable basis was shown for discarding imports made directly from the foreign manufacturer; market enquiry and comparable brands were insufficient, so reassessment on transaction value was directed. Hair shampoo imported in breach of the import policy was nevertheless liable to confiscation under the Customs Act, 1962 because the consignments fell below the stipulated value conditions. Redemption fine and penalty were found excessive in relation to the goods and were reduced, while the order concerning imported labels was left undisturbed. en-us Thu, 10 Jul 2003 00:00:00 +0530 Fri, 23 Mar 2012 18:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107639 Declared transaction value was not rejected because no legally sustainable basis was shown for discarding imports made directly from the foreign manufacturer; market enquiry and comparable brands were insufficient, so reassessment on transaction value was directed. Hair shampoo imported in breach of the import policy was nevertheless liable to confiscation under the Customs Act, 1962 because the consignments fell below the stipulated value conditions. Redemption fine and penalty were found excessive in relation to the goods and were reduced, while the order concerning imported labels was left undisturbed. Case-Laws Customs Thu, 10 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107639