https://www.taxtmi.com/caselaws?id=118213 Declared transaction value of used imported computer monitors and power cables could not be rejected merely on the basis of NIDB data and alleged mis-declaration, because the goods were used items of varying age and condition and no evidence showed any additional payment over invoice value. The prescribed valuation procedure had to be followed, and Rule 10A(1) of the Customs Valuation Rules, 1988 was not complied with. The alleged quantity variation was not material for such used junk goods. As the valuation enhancement was not sustained, the redemption fine and penalty based on the higher value were found excessive and were reduced. en-us Wed, 26 Apr 2006 00:00:00 +0530 Fri, 29 Jun 2012 12:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118213 Declared transaction value of used imported computer monitors and power cables could not be rejected merely on the basis of NIDB data and alleged mis-declaration, because the goods were used items of varying age and condition and no evidence showed any additional payment over invoice value. The prescribed valuation procedure had to be followed, and Rule 10A(1) of the Customs Valuation Rules, 1988 was not complied with. The alleged quantity variation was not material for such used junk goods. As the valuation enhancement was not sustained, the redemption fine and penalty based on the higher value were found excessive and were reduced. Case-Laws Customs Wed, 26 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118213