https://www.taxtmi.com/caselaws?id=1571 Concessional customs duty for "computer colour matching equipment" was denied because the imported spectrophotometer functioned as such only when used with a computer and software, which were not imported, so it did not fit the notified description. The declared transaction value was accepted because the invoice supported it and no evidence showed extra consideration or any statutory ground for rejection under the valuation rules. Confiscation, redemption fine and penalty were not restored because the goods were not shown to be prohibited or restricted, and the relief from confiscation-related consequences was sustained. en-us Wed, 18 Apr 2007 00:00:00 +0530 Tue, 15 Apr 2008 07:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1571 Concessional customs duty for "computer colour matching equipment" was denied because the imported spectrophotometer functioned as such only when used with a computer and software, which were not imported, so it did not fit the notified description. The declared transaction value was accepted because the invoice supported it and no evidence showed extra consideration or any statutory ground for rejection under the valuation rules. Confiscation, redemption fine and penalty were not restored because the goods were not shown to be prohibited or restricted, and the relief from confiscation-related consequences was sustained. Case-Laws Customs Wed, 18 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1571