https://www.taxtmi.com/caselaws?id=860 Under Section 77 of the Customs Act, the baggage declaration is a declaration of contents, not a statutory declaration of value, so absence of a value figure does not by itself amount to misdeclaration where the contents are disclosed. Customs valuation must also follow the legally permitted valuation rules and cannot rest on local market prices, exhibition prices, internet references, or price tags. Non-declaration of value alone does not justify confiscation and penalty, but a false statement about the country of arrival can still amount to limited misdeclaration attracting those consequences. Transfer of residence benefit is unavailable for new goods not shown to have been in the traveller's possession abroad, and the concession does not extend to goods shipped from a different country. en-us Wed, 26 Jul 2006 00:00:00 +0530 Sun, 13 Apr 2008 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=860 Under Section 77 of the Customs Act, the baggage declaration is a declaration of contents, not a statutory declaration of value, so absence of a value figure does not by itself amount to misdeclaration where the contents are disclosed. Customs valuation must also follow the legally permitted valuation rules and cannot rest on local market prices, exhibition prices, internet references, or price tags. Non-declaration of value alone does not justify confiscation and penalty, but a false statement about the country of arrival can still amount to limited misdeclaration attracting those consequences. Transfer of residence benefit is unavailable for new goods not shown to have been in the traveller's possession abroad, and the concession does not extend to goods shipped from a different country. Case-Laws Customs Wed, 26 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=860