https://www.taxtmi.com/caselaws?id=1979 Artificially split imports of main units and matching speakers may be treated as single units for customs valuation, and the declared split value may be rejected where the consignments were deliberately structured to secure a lower duty rate. In that situation, value can be determined by reference to comparable imports of similar goods, and the reclassification and revaluation were sustained. However, confiscation, redemption fine and penalty were not justified where assessment remained provisional, or where transaction value was rejected and value was fixed by an agreed method without adequate material for punitive action. The final result was partial success: valuation was upheld, but confiscation and penalties were set aside. en-us Thu, 29 Mar 2007 00:00:00 +0530 Tue, 15 Apr 2008 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1979 Artificially split imports of main units and matching speakers may be treated as single units for customs valuation, and the declared split value may be rejected where the consignments were deliberately structured to secure a lower duty rate. In that situation, value can be determined by reference to comparable imports of similar goods, and the reclassification and revaluation were sustained. However, confiscation, redemption fine and penalty were not justified where assessment remained provisional, or where transaction value was rejected and value was fixed by an agreed method without adequate material for punitive action. The final result was partial success: valuation was upheld, but confiscation and penalties were set aside. Case-Laws Customs Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1979