https://www.taxtmi.com/caselaws?id=172087 Second-hand digital multifunction printers were treated as freely importable during the relevant period, so confiscation under the Customs Act could not be sustained. The declared transaction value could not be rejected merely because a Chartered Engineer's estimate showed a higher figure, since the Department had no reliable evidence of falsity, manipulation, or additional consideration; the enhanced value already accepted was left undisturbed. Redemption fine and penalty could not survive once confiscation itself lacked a lawful foundation and there was no independent proof of fraud, suppression, or undervaluation. en-us Mon, 07 Oct 2013 00:00:00 +0530 Tue, 11 Aug 2015 19:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172087 Second-hand digital multifunction printers were treated as freely importable during the relevant period, so confiscation under the Customs Act could not be sustained. The declared transaction value could not be rejected merely because a Chartered Engineer's estimate showed a higher figure, since the Department had no reliable evidence of falsity, manipulation, or additional consideration; the enhanced value already accepted was left undisturbed. Redemption fine and penalty could not survive once confiscation itself lacked a lawful foundation and there was no independent proof of fraud, suppression, or undervaluation. Case-Laws Customs Mon, 07 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172087