https://www.taxtmi.com/caselaws?id=1486 The tribunal upheld the rejection of the declared sale value of imported electronic items, stating it was an attempt to understate the goods' value. Customs duty was demanded based on the actual price information from the original seller. However, an error in deduction for PCBs not supplied was noted, leading to a remand for a fresh valuation to determine duty demand and penalty correctly. The appeal was allowed for reevaluation of duty demand, penalty, and fine, emphasizing the importance of basing valuation on the original sale price from the seller to the intermediary. en-us Thu, 15 Mar 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1486 The tribunal upheld the rejection of the declared sale value of imported electronic items, stating it was an attempt to understate the goods' value. Customs duty was demanded based on the actual price information from the original seller. However, an error in deduction for PCBs not supplied was noted, leading to a remand for a fresh valuation to determine duty demand and penalty correctly. The appeal was allowed for reevaluation of duty demand, penalty, and fine, emphasizing the importance of basing valuation on the original sale price from the seller to the intermediary. Case-Laws Customs Thu, 15 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1486