https://www.taxtmi.com/caselaws?id=252847 Transaction value for stock lot LCD TVs remains the basis of customs assessment unless cogent and tangible evidence establishes that the declared price is inaccurate or false. Stock lot goods sold on an as-is-where-is basis may consist of assorted models and brands, making piece-wise model and origin particulars unavailable; disclosure of quantity, size and brand accords with that commercial nature. Mere suspicion, market or dealer enquiries, and NIDB data cannot justify value enhancement without proof of additional payment, flow-back of money, or other reliable evidence of under-valuation. Consequently, the declared value must be accepted and consequential redemption fine and penalty cannot be sustained. en-us Wed, 15 Oct 2014 00:00:00 +0530 Mon, 08 Jun 2015 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252847 Transaction value for stock lot LCD TVs remains the basis of customs assessment unless cogent and tangible evidence establishes that the declared price is inaccurate or false. Stock lot goods sold on an as-is-where-is basis may consist of assorted models and brands, making piece-wise model and origin particulars unavailable; disclosure of quantity, size and brand accords with that commercial nature. Mere suspicion, market or dealer enquiries, and NIDB data cannot justify value enhancement without proof of additional payment, flow-back of money, or other reliable evidence of under-valuation. Consequently, the declared value must be accepted and consequential redemption fine and penalty cannot be sustained. Case-Laws Customs Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252847