https://www.taxtmi.com/caselaws?id=346708 Enhanced valuation of imported used monitors was upheld where the department relied on Chartered Engineer assessment and the Customs Valuation Rules, 1988 under the Customs Act, 1962. The declared value was not treated as arbitrary in the circumstances, and the importers' challenge to reassessment failed. Redemption fine and penalty were also sustained because they were found commensurate with the enhanced value and the nature of the offence. The document therefore confirms that, for used goods of different brands and screen sizes, supported valuation methods may justify enhancement and consequential confiscation-related penalties. en-us Wed, 07 Jun 2017 00:00:00 +0530 Tue, 22 Aug 2017 07:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346708 Enhanced valuation of imported used monitors was upheld where the department relied on Chartered Engineer assessment and the Customs Valuation Rules, 1988 under the Customs Act, 1962. The declared value was not treated as arbitrary in the circumstances, and the importers' challenge to reassessment failed. Redemption fine and penalty were also sustained because they were found commensurate with the enhanced value and the nature of the offence. The document therefore confirms that, for used goods of different brands and screen sizes, supported valuation methods may justify enhancement and consequential confiscation-related penalties. Case-Laws Customs Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346708