https://www.taxtmi.com/caselaws?id=333883 Transaction value of imported rough marble blocks could not be rejected merely on NIDB data and weekly average prices; absent independent evidence of contemporaneous imports of identical or comparable goods, the declared value had to be accepted. Import of the restricted goods without a valid licence nevertheless established contravention, so confiscation was justified. However, the redemption fine and penalty were reduced in view of the circumstances, giving the importer only partial relief by setting aside the value enhancement while sustaining the finding of unlawful import. en-us Thu, 22 Sep 2016 00:00:00 +0530 Sat, 11 Nov 2017 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333883 Transaction value of imported rough marble blocks could not be rejected merely on NIDB data and weekly average prices; absent independent evidence of contemporaneous imports of identical or comparable goods, the declared value had to be accepted. Import of the restricted goods without a valid licence nevertheless established contravention, so confiscation was justified. However, the redemption fine and penalty were reduced in view of the circumstances, giving the importer only partial relief by setting aside the value enhancement while sustaining the finding of unlawful import. Case-Laws Customs Thu, 22 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333883