https://www.taxtmi.com/caselaws?id=108054 Expert examination showed that the imported consignment was partly new and serviceable circular saw blades and partly scrap, so the declaration could be accepted only to the extent it matched the actual goods. Valuation of the new blades was upheld on the basis of comparable cleared goods, while the scrap portion could not be valued by reference to earlier second-hand imports and the declared value for that balance was accepted. Confiscation based on prohibited import and licence requirements was set aside because the goods were not wholly prohibited, but confiscation for material misdeclaration was sustained, with redemption fine and one penalty reduced and the penalty on the power-of-attorney holder set aside. en-us Thu, 09 Oct 2003 00:00:00 +0530 Wed, 28 Mar 2012 15:31:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108054 Expert examination showed that the imported consignment was partly new and serviceable circular saw blades and partly scrap, so the declaration could be accepted only to the extent it matched the actual goods. Valuation of the new blades was upheld on the basis of comparable cleared goods, while the scrap portion could not be valued by reference to earlier second-hand imports and the declared value for that balance was accepted. Confiscation based on prohibited import and licence requirements was set aside because the goods were not wholly prohibited, but confiscation for material misdeclaration was sustained, with redemption fine and one penalty reduced and the penalty on the power-of-attorney holder set aside. Case-Laws Customs Thu, 09 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108054