https://www.taxtmi.com/caselaws?id=118425 Imported goods classification under Chapter 40, rather than Chapter 59, was upheld on the basis of the goods' description, shipping documents, examination reports and Chartered Engineer's report. The declared transaction value could not be rejected and enhanced under the Customs Valuation Rules, 1988 because the valuation approach adopted was not sustained on the record. As no misdeclaration of description, classification or value was established, confiscation, redemption fine and penalty under the Customs Act, 1962 were also set aside, and the importer obtained consequential relief. en-us Fri, 07 Jul 2006 00:00:00 +0530 Sat, 30 Jun 2012 15:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118425 Imported goods classification under Chapter 40, rather than Chapter 59, was upheld on the basis of the goods' description, shipping documents, examination reports and Chartered Engineer's report. The declared transaction value could not be rejected and enhanced under the Customs Valuation Rules, 1988 because the valuation approach adopted was not sustained on the record. As no misdeclaration of description, classification or value was established, confiscation, redemption fine and penalty under the Customs Act, 1962 were also set aside, and the importer obtained consequential relief. Case-Laws Customs Fri, 07 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118425