https://www.taxtmi.com/caselaws?id=236178 Imported goods were found, on laboratory testing, to be vegetable oil rather than the declared vegetable fatty acid, supporting a finding of mis-declaration in description. The record also indicated the importer's awareness of the true nature of the goods, and the declared transaction value was rejected as unacceptable in light of that mis-declaration. Valuation adopted by the adjudicating authority was examined against the laboratory evidence and applicable valuation rules and was found reasonable. On that basis, the factual foundation for confiscation remained intact, and the consequential duty demand and penalty were sustained. en-us Fri, 03 May 2013 00:00:00 +0530 Sat, 17 Aug 2013 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236178 Imported goods were found, on laboratory testing, to be vegetable oil rather than the declared vegetable fatty acid, supporting a finding of mis-declaration in description. The record also indicated the importer's awareness of the true nature of the goods, and the declared transaction value was rejected as unacceptable in light of that mis-declaration. Valuation adopted by the adjudicating authority was examined against the laboratory evidence and applicable valuation rules and was found reasonable. On that basis, the factual foundation for confiscation remained intact, and the consequential duty demand and penalty were sustained. Case-Laws Customs Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236178