https://www.taxtmi.com/caselaws?id=336512 Declared import value may be rejected where corroborative market evidence, including quotations, distributor prices and website prices, shows substantial undervaluation and later investigation reveals fresh material indicating suppression. On those facts, re-determination of assessable value, differential duty, confiscation and penalty were sustained. A challenge based on denial of cross-examination also failed because the valuation was supported by multiple independent price sources and the importer did not adduce rebuttal evidence sufficient to dislodge the record. en-us Wed, 16 Nov 2016 00:00:00 +0530 Mon, 02 Jul 2018 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336512 Declared import value may be rejected where corroborative market evidence, including quotations, distributor prices and website prices, shows substantial undervaluation and later investigation reveals fresh material indicating suppression. On those facts, re-determination of assessable value, differential duty, confiscation and penalty were sustained. A challenge based on denial of cross-examination also failed because the valuation was supported by multiple independent price sources and the importer did not adduce rebuttal evidence sufficient to dislodge the record. Case-Laws Customs Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336512