https://www.taxtmi.com/caselaws?id=173783 Unretracted admissions under Section 108 of the Customs Act may be treated as substantive evidence for valuation where recovered computer printouts and statements match the actual transaction values of imported consignments. For consignments lacking internal transaction records, export declarations can serve as the best available evidence to redetermine assessable value, and objections on grading, exchange rates or computation errors may be rejected on the recorded facts. Misdeclaration of value can also support penalties where the goods become liable to confiscation, even if actual confiscation does not occur; equivalent penalty on the importer and separate penalty on an involved commission agent may both be sustained. en-us Fri, 26 Sep 2014 00:00:00 +0530 Tue, 22 Sep 2015 14:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173783 Unretracted admissions under Section 108 of the Customs Act may be treated as substantive evidence for valuation where recovered computer printouts and statements match the actual transaction values of imported consignments. For consignments lacking internal transaction records, export declarations can serve as the best available evidence to redetermine assessable value, and objections on grading, exchange rates or computation errors may be rejected on the recorded facts. Misdeclaration of value can also support penalties where the goods become liable to confiscation, even if actual confiscation does not occur; equivalent penalty on the importer and separate penalty on an involved commission agent may both be sustained. Case-Laws Customs Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173783