https://www.taxtmi.com/caselaws?id=113215 Imported greasy wool tested below the declared micron level, so the exemption under Notification No. 20/1999-Cus. was denied and the departmental test reports were accepted, as the record did not support the declared specification and the challenge to testing procedure was not sustained. On that basis, the declared transaction value was rejected because finer wool commands a higher price; the assessable value was enhanced using contemporaneous imports and published price data. The misdeclaration also justified confiscation, while redemption fine and penalty were upheld in one matter but reduced in the other as excessive. en-us Wed, 05 Nov 2003 00:00:00 +0530 Fri, 04 May 2012 13:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113215 Imported greasy wool tested below the declared micron level, so the exemption under Notification No. 20/1999-Cus. was denied and the departmental test reports were accepted, as the record did not support the declared specification and the challenge to testing procedure was not sustained. On that basis, the declared transaction value was rejected because finer wool commands a higher price; the assessable value was enhanced using contemporaneous imports and published price data. The misdeclaration also justified confiscation, while redemption fine and penalty were upheld in one matter but reduced in the other as excessive. Case-Laws Customs Wed, 05 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113215