https://www.taxtmi.com/caselaws?id=1328 Imported CD-ROMs were treated as computer software for customs exemption because software does not lose that character merely because it needs another program to operate; the notification was applied according to its own terms, and the goods qualified for benefit under Notification No. 11/97-Cus. The declared customs value was also accepted because valuation under Section 14 of the Customs Act must be based on the price of like goods at the time and place of importation; contemporaneous imports prevailed, and suspicion without supporting evidence was insufficient to reject the declared value or allege misdeclaration. As a result, duty demand, confiscation, redemption fine, interest, and penalties were set aside. en-us Mon, 25 Sep 2006 00:00:00 +0530 Wed, 20 Jan 2016 06:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1328 Imported CD-ROMs were treated as computer software for customs exemption because software does not lose that character merely because it needs another program to operate; the notification was applied according to its own terms, and the goods qualified for benefit under Notification No. 11/97-Cus. The declared customs value was also accepted because valuation under Section 14 of the Customs Act must be based on the price of like goods at the time and place of importation; contemporaneous imports prevailed, and suspicion without supporting evidence was insufficient to reject the declared value or allege misdeclaration. As a result, duty demand, confiscation, redemption fine, interest, and penalties were set aside. Case-Laws Customs Mon, 25 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1328