https://www.taxtmi.com/caselaws?id=107829 Ethyl alcohol of 59.3% alcohol by volume was treated as overproof whisky and, on that basis, as a concentrate of alcoholic beverages under the relevant import policy entry, so import under the claimed REP licences was unauthorised and confiscation was upheld. The Department's case for rejecting the declared transaction value failed because the alleged split invoices and extra payments were not reliably proved, and the manufacturer's invoices remained the best evidence of value, so the revaluation-based duty demands were set aside. Redemption fine was reduced as the undervaluation charge failed and no established duty-evasion motive was shown. Penalties on the importers and connected individuals were set aside for want of mala fide. en-us Wed, 10 Sep 2003 00:00:00 +0530 Tue, 27 Mar 2012 11:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107829 Ethyl alcohol of 59.3% alcohol by volume was treated as overproof whisky and, on that basis, as a concentrate of alcoholic beverages under the relevant import policy entry, so import under the claimed REP licences was unauthorised and confiscation was upheld. The Department's case for rejecting the declared transaction value failed because the alleged split invoices and extra payments were not reliably proved, and the manufacturer's invoices remained the best evidence of value, so the revaluation-based duty demands were set aside. Redemption fine was reduced as the undervaluation charge failed and no established duty-evasion motive was shown. Penalties on the importers and connected individuals were set aside for want of mala fide. Case-Laws Customs Wed, 10 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107829