https://www.taxtmi.com/caselaws?id=125726 Contemporaneous invoices and surrounding import records may justify rejection of the declared transaction value where the documentary evidence shows that the stated invoice price does not reflect the true value of the consignment; the assessable value was therefore upheld as enhanced. For measuring tapes bearing non-metric inscriptions such as "inches", the compliance breach was treated as technical rather than warranting the harshest consequence, so redemption on payment of fine was permitted instead of compulsory re-export and the penalty was reduced. The valuation issue was decided against the importer, while the import restriction issue was moderated in favour of redemption. en-us Tue, 16 Dec 2008 00:00:00 +0530 Fri, 15 Feb 2013 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125726 Contemporaneous invoices and surrounding import records may justify rejection of the declared transaction value where the documentary evidence shows that the stated invoice price does not reflect the true value of the consignment; the assessable value was therefore upheld as enhanced. For measuring tapes bearing non-metric inscriptions such as "inches", the compliance breach was treated as technical rather than warranting the harshest consequence, so redemption on payment of fine was permitted instead of compulsory re-export and the penalty was reduced. The valuation issue was decided against the importer, while the import restriction issue was moderated in favour of redemption. Case-Laws Customs Tue, 16 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125726