https://www.taxtmi.com/caselaws?id=263197 Declared CIF value may be rejected where market inquiry and customs valuation rules support reassessment, and enhanced redemption fine and penalty may also be sustained where restricted goods are imported without the required licence and the importer shows repeated undervaluation. On the recorded facts, the appellate authority found no infirmity in the valuation basis or in the increased fine and penalty, particularly as the importer had waived notice at adjudication and did not pursue the appeal despite opportunities. The challenge therefore failed and the appellate order was left intact. en-us Wed, 01 Jul 2015 00:00:00 +0530 Wed, 17 Feb 2016 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263197 Declared CIF value may be rejected where market inquiry and customs valuation rules support reassessment, and enhanced redemption fine and penalty may also be sustained where restricted goods are imported without the required licence and the importer shows repeated undervaluation. On the recorded facts, the appellate authority found no infirmity in the valuation basis or in the increased fine and penalty, particularly as the importer had waived notice at adjudication and did not pursue the appeal despite opportunities. The challenge therefore failed and the appellate order was left intact. Case-Laws Customs Wed, 01 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263197