https://www.taxtmi.com/caselaws?id=3907 Misdeclaration in imported quantity was not established on the record because the declared net weight exceeded the quantity found on examination, so confiscation and penalty could not be sustained. Where the declared value was rejected, the assessable value had to be determined by the sequential statutory valuation process on relevant material; enhancement based only on an external letter, without that process, was arbitrary and unsustainable. The note records that both the confiscation and the valuation enhancement failed on merits, and the assessee's challenge succeeded. en-us Wed, 02 Jan 2008 00:00:00 +0530 Fri, 09 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3907 Misdeclaration in imported quantity was not established on the record because the declared net weight exceeded the quantity found on examination, so confiscation and penalty could not be sustained. Where the declared value was rejected, the assessable value had to be determined by the sequential statutory valuation process on relevant material; enhancement based only on an external letter, without that process, was arbitrary and unsustainable. The note records that both the confiscation and the valuation enhancement failed on merits, and the assessee's challenge succeeded. Case-Laws Customs Wed, 02 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3907