https://www.taxtmi.com/caselaws?id=250819 In a stay application concerning alleged undervaluation of imported goods, the majority held that contemporaneous import data and documents recovered from other importers constituted sufficient prima facie material, and that the appellant's retraction of a representative's statement did not justify complete waiver at the interim stage. The dissent considered the valuation case to rest on suspicion rather than reliable corroboration, noted that the retraction was timely, and stressed that Section 138B of the Customs Act had not been properly complied with before relying on the statement. The appellant was therefore directed to make a partial pre-deposit, with the balance stayed on compliance. en-us Fri, 21 Mar 2014 00:00:00 +0530 Tue, 26 Aug 2014 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250819 In a stay application concerning alleged undervaluation of imported goods, the majority held that contemporaneous import data and documents recovered from other importers constituted sufficient prima facie material, and that the appellant's retraction of a representative's statement did not justify complete waiver at the interim stage. The dissent considered the valuation case to rest on suspicion rather than reliable corroboration, noted that the retraction was timely, and stressed that Section 138B of the Customs Act had not been properly complied with before relying on the statement. The appellant was therefore directed to make a partial pre-deposit, with the balance stayed on compliance. Case-Laws Customs Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250819