https://www.taxtmi.com/caselaws?id=328358 Declared transaction value in customs assessment cannot be displaced by NIDB data or mere suspicion without legally sustainable grounds for rejecting it. An admitted interchange in the description of imported rolls was treated as human error because the commercial invoice reflected the same mix and no independent evidence showed deliberate misdeclaration or mala fide intent. In the absence of laboratory testing, expert opinion, or other proof supporting the alleged thickness assumption, enhancement of assessable value was set aside. Once the enhanced valuation failed, confiscation, redemption fine, and penalty also could not survive, and duty was to be recomputed, if any, on the proper assessable value basis. en-us Wed, 18 May 2016 00:00:00 +0530 Thu, 02 Jun 2016 11:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328358 Declared transaction value in customs assessment cannot be displaced by NIDB data or mere suspicion without legally sustainable grounds for rejecting it. An admitted interchange in the description of imported rolls was treated as human error because the commercial invoice reflected the same mix and no independent evidence showed deliberate misdeclaration or mala fide intent. In the absence of laboratory testing, expert opinion, or other proof supporting the alleged thickness assumption, enhancement of assessable value was set aside. Once the enhanced valuation failed, confiscation, redemption fine, and penalty also could not survive, and duty was to be recomputed, if any, on the proper assessable value basis. Case-Laws Customs Wed, 18 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328358