https://www.taxtmi.com/caselaws?id=117292 Officers appointed as Customs Officers may act as proper officers for Section 28 proceedings, so a jurisdictional challenge to a DRI show cause notice was rejected. The declared invoice value of imported goods could also be rejected where an authentic Hong Kong Customs report showed false export declarations and higher actual CIF values. Once the transaction value was doubted, the valuation rules were applied sequentially and the residual method was used after comparable goods data was unavailable. The foreign customs report was treated as reliable evidence of under-valuation, and the resulting confiscation, duty demand and penalty were sustained. en-us Wed, 06 Jul 2005 00:00:00 +0530 Thu, 21 Jun 2012 16:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117292 Officers appointed as Customs Officers may act as proper officers for Section 28 proceedings, so a jurisdictional challenge to a DRI show cause notice was rejected. The declared invoice value of imported goods could also be rejected where an authentic Hong Kong Customs report showed false export declarations and higher actual CIF values. Once the transaction value was doubted, the valuation rules were applied sequentially and the residual method was used after comparable goods data was unavailable. The foreign customs report was treated as reliable evidence of under-valuation, and the resulting confiscation, duty demand and penalty were sustained. Case-Laws Customs Wed, 06 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117292