https://www.taxtmi.com/caselaws?id=125418 Declared transaction value in customs assessment must be accepted unless the conditions for rejection under the valuation rules are satisfied; a genuine import invoice cannot be displaced merely because the manufacturer's invoice is absent. Where the declared value is not shown to be false or fabricated, enhancement on the basis of departmental valuation material is not justified. Separately, an import policy breach, such as failure to satisfy the prior-possession condition for a used car, can still attract confiscation even if value misdeclaration is not proved. In that situation, redemption fine and penalty may be reduced where the valuation allegation fails. en-us Tue, 31 Mar 2009 00:00:00 +0530 Tue, 23 Oct 2012 18:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125418 Declared transaction value in customs assessment must be accepted unless the conditions for rejection under the valuation rules are satisfied; a genuine import invoice cannot be displaced merely because the manufacturer's invoice is absent. Where the declared value is not shown to be false or fabricated, enhancement on the basis of departmental valuation material is not justified. Separately, an import policy breach, such as failure to satisfy the prior-possession condition for a used car, can still attract confiscation even if value misdeclaration is not proved. In that situation, redemption fine and penalty may be reduced where the valuation allegation fails. Case-Laws Customs Tue, 31 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125418