https://www.taxtmi.com/caselaws?id=237272 Declared transaction value cannot be rejected unless the statutory conditions for rejection are established and valuation is then carried out through the prescribed sequential rules; here, the enhancement based only on a comparison with domestic raw-material prices was found unsustainable, so the resulting confiscation under section 111(m) and penalty under section 112 also fell. Liability for confiscation under section 111(d) for non-affixation of MRP depended on a finding that the imported bulbs were pre-packaged commodities covered by the relevant policy requirement; because that factual finding was absent, the MRP issue was remanded for fresh adjudication. en-us Wed, 03 Jul 2013 00:00:00 +0530 Sat, 08 Feb 2014 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237272 Declared transaction value cannot be rejected unless the statutory conditions for rejection are established and valuation is then carried out through the prescribed sequential rules; here, the enhancement based only on a comparison with domestic raw-material prices was found unsustainable, so the resulting confiscation under section 111(m) and penalty under section 112 also fell. Liability for confiscation under section 111(d) for non-affixation of MRP depended on a finding that the imported bulbs were pre-packaged commodities covered by the relevant policy requirement; because that factual finding was absent, the MRP issue was remanded for fresh adjudication. Case-Laws Customs Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237272