https://www.taxtmi.com/caselaws?id=332713 Declared value of imported second-hand photocopiers may be rejected where unsupported by contract, purchase order, or reliable basis and contradicted by contemporaneous import data; in such cases, the customs valuation rules may be applied sequentially to determine assessable value. Import of goods without the required licence may also render the goods liable to confiscation and redemption fine under customs law, with the option of redemption subject to lawful quantum. Where unauthorized import and undervaluation are established, penalty under the customs penal provisions may be sustained. en-us Tue, 28 Jun 2016 00:00:00 +0530 Fri, 23 Sep 2016 13:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332713 Declared value of imported second-hand photocopiers may be rejected where unsupported by contract, purchase order, or reliable basis and contradicted by contemporaneous import data; in such cases, the customs valuation rules may be applied sequentially to determine assessable value. Import of goods without the required licence may also render the goods liable to confiscation and redemption fine under customs law, with the option of redemption subject to lawful quantum. Where unauthorized import and undervaluation are established, penalty under the customs penal provisions may be sustained. Case-Laws Customs Tue, 28 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332713