https://www.taxtmi.com/caselaws?id=325329 DRI-issued show cause notices were treated as valid, so the jurisdictional challenge failed. Admitted undervaluation justified rejection of the declared transaction value for imported artificial flowers. Valuation could then be based on similar contemporaneous imports where the comparator goods had like characteristics, performed the same function and originated in the same country; a different manufacturer did not preclude comparison. Enhancement based on the lowest comparable value was sustained. Redemption fine was confined to seized goods available for confiscation, while fine on goods cleared without bond and unavailable for confiscation was unsustainable. The valuation, confiscation and duty demand were substantially maintained, with corresponding reduction of redemption fine. en-us Wed, 24 Feb 2016 00:00:00 +0530 Sat, 12 Nov 2016 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325329 DRI-issued show cause notices were treated as valid, so the jurisdictional challenge failed. Admitted undervaluation justified rejection of the declared transaction value for imported artificial flowers. Valuation could then be based on similar contemporaneous imports where the comparator goods had like characteristics, performed the same function and originated in the same country; a different manufacturer did not preclude comparison. Enhancement based on the lowest comparable value was sustained. Redemption fine was confined to seized goods available for confiscation, while fine on goods cleared without bond and unavailable for confiscation was unsustainable. The valuation, confiscation and duty demand were substantially maintained, with corresponding reduction of redemption fine. Case-Laws Customs Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325329