https://www.taxtmi.com/caselaws?id=1206 Imported CD-ROMs containing software were treated as computer software for exemption purposes, because software does not lose that character merely because it requires another programme or operating system to run. Customs valuation could not be displaced by suspicion where contemporaneous imports, expert opinion and comparable accepted values supported the declared price; the residual method was unavailable on that record. In the absence of suppression or misdeclaration, the extended limitation period did not apply, and confiscation, redemption fine and penalties were not sustainable. en-us Thu, 24 Aug 2006 00:00:00 +0530 Wed, 28 Jan 2009 21:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1206 Imported CD-ROMs containing software were treated as computer software for exemption purposes, because software does not lose that character merely because it requires another programme or operating system to run. Customs valuation could not be displaced by suspicion where contemporaneous imports, expert opinion and comparable accepted values supported the declared price; the residual method was unavailable on that record. In the absence of suppression or misdeclaration, the extended limitation period did not apply, and confiscation, redemption fine and penalties were not sustainable. Case-Laws Customs Thu, 24 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1206