https://www.taxtmi.com/caselaws?id=124157 Toy musical instruments, assessed by size, quantity and commercial identity, fall under Heading 9503.50 rather than Heading 9207.10, because Chapter 92 excludes toy instruments. The declared import value must be accepted under Section 14(1) of the Customs Act read with Rule 4 of the Customs Valuation Rules, 1988 where enhancement rests only on an unreliable comparison with different goods and no independent evidence discredits the transaction value. Confiscation is justified for import-restricted goods imported in breach of conditions, but redemption fine and penalty may be moderated on the facts, with the monetary consequences reduced. en-us Fri, 05 Sep 2008 00:00:00 +0530 Wed, 26 Sep 2012 11:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124157 Toy musical instruments, assessed by size, quantity and commercial identity, fall under Heading 9503.50 rather than Heading 9207.10, because Chapter 92 excludes toy instruments. The declared import value must be accepted under Section 14(1) of the Customs Act read with Rule 4 of the Customs Valuation Rules, 1988 where enhancement rests only on an unreliable comparison with different goods and no independent evidence discredits the transaction value. Confiscation is justified for import-restricted goods imported in breach of conditions, but redemption fine and penalty may be moderated on the facts, with the monetary consequences reduced. Case-Laws Customs Fri, 05 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124157