https://www.taxtmi.com/caselaws?id=335931 Declared import value cannot be rejected without recorded, cogent reasons to doubt its truth or accuracy, compliance with Rule 10A of the Customs Valuation Rules, 1998, and a proper comparative valuation exercise; a bare show cause notice is insufficient. In this CESTAT Chennai note, the laboratory opinion on whether the goods were raisins or black mavish/black bhokri was treated as inconclusive and unsupported by reliable technical evidence, so misdeclaration in description was not established. On those grounds, the duty and penalty demands based on alleged misdescription and undervaluation were set aside. en-us Tue, 20 Sep 2016 00:00:00 +0530 Thu, 01 Feb 2018 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335931 Declared import value cannot be rejected without recorded, cogent reasons to doubt its truth or accuracy, compliance with Rule 10A of the Customs Valuation Rules, 1998, and a proper comparative valuation exercise; a bare show cause notice is insufficient. In this CESTAT Chennai note, the laboratory opinion on whether the goods were raisins or black mavish/black bhokri was treated as inconclusive and unsupported by reliable technical evidence, so misdeclaration in description was not established. On those grounds, the duty and penalty demands based on alleged misdescription and undervaluation were set aside. Case-Laws Customs Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335931