https://www.taxtmi.com/caselaws?id=126168 Declared import value for mixed stock lot goods cannot be rejected merely by comparing them with PVC granules or other non-comparable materials. The Department must prove undervaluation with reliable evidence and follow a legally permissible valuation method under the Customs Valuation Rules; contemporaneous import evidence, comparable clearances, and the importer's past assessments must be meaningfully considered. In the absence of reasoned findings and acceptable expert support, enhancement of value, confiscation, redemption fine, and penalty are not sustainable. The text states that the impugned valuation order and consequential penalties were annulled and release of the goods on payment of duty on the declared value was directed. en-us Wed, 22 Apr 2009 00:00:00 +0530 Tue, 25 Jul 2017 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126168 Declared import value for mixed stock lot goods cannot be rejected merely by comparing them with PVC granules or other non-comparable materials. The Department must prove undervaluation with reliable evidence and follow a legally permissible valuation method under the Customs Valuation Rules; contemporaneous import evidence, comparable clearances, and the importer's past assessments must be meaningfully considered. In the absence of reasoned findings and acceptable expert support, enhancement of value, confiscation, redemption fine, and penalty are not sustainable. The text states that the impugned valuation order and consequential penalties were annulled and release of the goods on payment of duty on the declared value was directed. Case-Laws Customs Wed, 22 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126168