https://www.taxtmi.com/caselaws?id=247859 Imported goods were accepted as scrap where the laboratory report certified them as high speed steel tools scrap and the record showed broken, damaged bits used in rigs that could not be used as such. The Revenue's valuation report was internally contradictory, so it could not displace the declared transaction value or support a charge of misdeclaration. In the absence of evidence satisfying the conditions for rejection under Rule 4(2) of the Customs Valuation Rules, 1988, rejection of the declared value was unwarranted. The impugned order was affirmed and the Revenue's challenge failed. en-us Thu, 21 Feb 2013 00:00:00 +0530 Sun, 25 May 2014 12:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247859 Imported goods were accepted as scrap where the laboratory report certified them as high speed steel tools scrap and the record showed broken, damaged bits used in rigs that could not be used as such. The Revenue's valuation report was internally contradictory, so it could not displace the declared transaction value or support a charge of misdeclaration. In the absence of evidence satisfying the conditions for rejection under Rule 4(2) of the Customs Valuation Rules, 1988, rejection of the declared value was unwarranted. The impugned order was affirmed and the Revenue's challenge failed. Case-Laws Customs Thu, 21 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247859