https://www.taxtmi.com/caselaws?id=342289 Imported goods declared as new glove knitting machines were found to be old and used, and the declared value was not supported by contemporary or rebutting evidence. On that basis, the customs authorities applied the sequential valuation method under Rule 10A of the Customs Valuation Rules, 1988 and relied on contemporaneous imports. The text states that the exemption under Notification No. 6/2002-Cus. was unavailable because the notification conditions were not met. It also records that redemption fine and penalty were justified in view of the misdeclaration and attempt to obtain undue benefit. en-us Wed, 08 Mar 2017 00:00:00 +0530 Mon, 01 May 2017 08:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342289 Imported goods declared as new glove knitting machines were found to be old and used, and the declared value was not supported by contemporary or rebutting evidence. On that basis, the customs authorities applied the sequential valuation method under Rule 10A of the Customs Valuation Rules, 1988 and relied on contemporaneous imports. The text states that the exemption under Notification No. 6/2002-Cus. was unavailable because the notification conditions were not met. It also records that redemption fine and penalty were justified in view of the misdeclaration and attempt to obtain undue benefit. Case-Laws Customs Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342289