https://www.taxtmi.com/caselaws?id=325331 Imported goods described only in generic terms as cables and connectors could have their declared transaction value rejected where the record showed undisclosed brand, specifications and lengths, and market enquiry indicated the declared value was understated. The importer's voluntary statement admitting non-disclosure to reduce duty was treated as reliable because it was corroborated by surrounding circumstances, and the later retraction was considered an afterthought. The appellate relief was set aside and the adjudication confirming valuation enhancement, confiscation and penalty was restored in favour of the Revenue. en-us Mon, 26 Oct 2015 00:00:00 +0530 Thu, 17 Mar 2016 10:05:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325331 Imported goods described only in generic terms as cables and connectors could have their declared transaction value rejected where the record showed undisclosed brand, specifications and lengths, and market enquiry indicated the declared value was understated. The importer's voluntary statement admitting non-disclosure to reduce duty was treated as reliable because it was corroborated by surrounding circumstances, and the later retraction was considered an afterthought. The appellate relief was set aside and the adjudication confirming valuation enhancement, confiscation and penalty was restored in favour of the Revenue. Case-Laws Customs Mon, 26 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325331