https://www.taxtmi.com/caselaws?id=240122 Customs undervaluation cannot be sustained on uncorroborated statements, unverified documents, or mere suspicion; the transaction value must stand where the Department fails to prove contemporaneous higher-priced imports or that complete air-conditioners were imported and dismantled abroad. Duty demand and penalty cannot be fastened on a person who is not the importer in his individual capacity. Confiscation linked to licence coverage for R-22 gas compressors was not upheld on the material as presented, and the associated penalties under section 112 were set aside for lack of corroborated evidence, subject only to verification of import authorisations. en-us Thu, 10 Oct 2013 00:00:00 +0530 Wed, 20 May 2015 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240122 Customs undervaluation cannot be sustained on uncorroborated statements, unverified documents, or mere suspicion; the transaction value must stand where the Department fails to prove contemporaneous higher-priced imports or that complete air-conditioners were imported and dismantled abroad. Duty demand and penalty cannot be fastened on a person who is not the importer in his individual capacity. Confiscation linked to licence coverage for R-22 gas compressors was not upheld on the material as presented, and the associated penalties under section 112 were set aside for lack of corroborated evidence, subject only to verification of import authorisations. Case-Laws Customs Thu, 10 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240122