https://www.taxtmi.com/caselaws?id=114810 Specific chemical test evidence was preferred over general literature in classifying imported goods as zinc residue rather than ore concentrate, and that classification supported confiscation as hazardous waste in the absence of proof of a valid import licence. The declared transaction value was not rejected because there was no contemporaneous import evidence or material showing it was not genuine, so enhancement on the basis of London Metal Exchange prices was set aside. Penalty was retained in principle, but the amount on the firm was reduced and the penalty on the individual was deleted for lack of the requisite knowledge or reason to believe. en-us Fri, 19 Nov 2004 00:00:00 +0530 Mon, 21 May 2012 13:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114810 Specific chemical test evidence was preferred over general literature in classifying imported goods as zinc residue rather than ore concentrate, and that classification supported confiscation as hazardous waste in the absence of proof of a valid import licence. The declared transaction value was not rejected because there was no contemporaneous import evidence or material showing it was not genuine, so enhancement on the basis of London Metal Exchange prices was set aside. Penalty was retained in principle, but the amount on the firm was reduced and the penalty on the individual was deleted for lack of the requisite knowledge or reason to believe. Case-Laws Customs Fri, 19 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114810