https://www.taxtmi.com/caselaws?id=238748 Restricted imported goods could not be converted into freely importable goods by artificially enhancing their declared value; the declared value remained the proper basis for the restriction, and the customs enhancement was set aside with restoration of the original value. However, import without the required valid licence continued to attract confiscation-related consequences, so the redemption fine and penalty were sustained. The note also records that any duty or other amount already deposited was to be verified for consequential refund, if admissible, in accordance with law. en-us Thu, 29 Aug 2013 00:00:00 +0530 Mon, 21 Apr 2014 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238748 Restricted imported goods could not be converted into freely importable goods by artificially enhancing their declared value; the declared value remained the proper basis for the restriction, and the customs enhancement was set aside with restoration of the original value. However, import without the required valid licence continued to attract confiscation-related consequences, so the redemption fine and penalty were sustained. The note also records that any duty or other amount already deposited was to be verified for consequential refund, if admissible, in accordance with law. Case-Laws Customs Thu, 29 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238748