https://www.taxtmi.com/caselaws?id=211926 Customs description cannot be rejected as false without cogent evidence when the test report shows a mixed fatty-acid composition rather than a clear false declaration. On valuation, where contemporaneous imports of identical goods are available at different prices, the lowest comparable transaction value must be adopted under the applicable valuation rule, absent evidence of any extra consideration. On that basis, the enhanced value, consequential duty and penalties were found unsustainable, and the impugned order was set aside on both description and valuation. en-us Wed, 06 Jul 2011 00:00:00 +0530 Wed, 21 Mar 2012 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211926 Customs description cannot be rejected as false without cogent evidence when the test report shows a mixed fatty-acid composition rather than a clear false declaration. On valuation, where contemporaneous imports of identical goods are available at different prices, the lowest comparable transaction value must be adopted under the applicable valuation rule, absent evidence of any extra consideration. On that basis, the enhanced value, consequential duty and penalties were found unsustainable, and the impugned order was set aside on both description and valuation. Case-Laws Customs Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211926