https://www.taxtmi.com/caselaws?id=202549 The Supreme Court upheld the Commissioner of Customs' decision regarding undervaluation of imported goods, specifically imported computers, dismissing the appellant's challenge. The Court found that the declared values were not reflective of the true transactional value, as the appellant and supplier were related, and the declared prices aimed to evade customs duty. Relying on the principle that deemed value prevails when actual selling prices are not accurately reflected, the Court concluded that the higher deemed value took precedence over the lower transactional value, ultimately dismissing the appeal for lack of merit. en-us Mon, 06 Sep 2010 00:00:00 +0530 Fri, 21 Jan 2011 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202549 The Supreme Court upheld the Commissioner of Customs' decision regarding undervaluation of imported goods, specifically imported computers, dismissing the appellant's challenge. The Court found that the declared values were not reflective of the true transactional value, as the appellant and supplier were related, and the declared prices aimed to evade customs duty. Relying on the principle that deemed value prevails when actual selling prices are not accurately reflected, the Court concluded that the higher deemed value took precedence over the lower transactional value, ultimately dismissing the appeal for lack of merit. Case-Laws Customs Mon, 06 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202549