https://www.taxtmi.com/caselaws?id=269898 Declared transaction value of imported fabrics was rejected because the importer failed to support it with purchase orders, supplier terms, manufacturer invoices or other reliable documents, and contemporaneous comparable imports justified redetermination on a lower benchmark. Confiscation and differential duty were sustained once undervaluation was upheld, but redemption fine and penalty were reduced as excessive on the facts. Denial of DFIA benefit was set aside because the show cause notice contained no corresponding allegation, and the licence benefit for clearance of the goods was allowed. en-us Wed, 23 Dec 2015 00:00:00 +0530 Thu, 16 Feb 2017 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269898 Declared transaction value of imported fabrics was rejected because the importer failed to support it with purchase orders, supplier terms, manufacturer invoices or other reliable documents, and contemporaneous comparable imports justified redetermination on a lower benchmark. Confiscation and differential duty were sustained once undervaluation was upheld, but redemption fine and penalty were reduced as excessive on the facts. Denial of DFIA benefit was set aside because the show cause notice contained no corresponding allegation, and the licence benefit for clearance of the goods was allowed. Case-Laws Customs Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269898