https://www.taxtmi.com/caselaws?id=117965 Declared customs transaction value for imported second-hand printers could not be rejected merely on internet or email price references where no evidence showed extra consideration and bank transfer records supported the declared price; the valuation enhancement was therefore set aside. Confiscation of the goods was nevertheless sustained because the second-hand capital goods were treated as not freely importable, but the monetary consequences were reduced to a 10% redemption fine and 5% penalty on transaction value. The stated principle is that customs valuation cannot be enhanced on internet-based comparisons alone without reliable evidence justifying rejection of the declared transaction value. en-us Fri, 03 Mar 2006 00:00:00 +0530 Wed, 27 Jun 2012 16:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117965 Declared customs transaction value for imported second-hand printers could not be rejected merely on internet or email price references where no evidence showed extra consideration and bank transfer records supported the declared price; the valuation enhancement was therefore set aside. Confiscation of the goods was nevertheless sustained because the second-hand capital goods were treated as not freely importable, but the monetary consequences were reduced to a 10% redemption fine and 5% penalty on transaction value. The stated principle is that customs valuation cannot be enhanced on internet-based comparisons alone without reliable evidence justifying rejection of the declared transaction value. Case-Laws Customs Fri, 03 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117965