https://www.taxtmi.com/caselaws?id=347447 Declared value of imported magnets required closer factual scrutiny because the goods were invoiced per piece, the contemporaneous import data also broadly reflected per piece pricing, and the department did not satisfactorily justify adoption of a per kilogram basis. The valuation adopted by the lower authorities was therefore not treated as final, and the matter was remitted for fresh adjudication with an opportunity to file additional material. As the magnets had remained in customs custody for a substantial period and prolonged storage could affect their magnetic properties, provisional release was considered appropriate on deposit and bond, while the valuation dispute was left open for de novo decision. en-us Mon, 28 Aug 2017 00:00:00 +0530 Mon, 27 Nov 2017 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347447 Declared value of imported magnets required closer factual scrutiny because the goods were invoiced per piece, the contemporaneous import data also broadly reflected per piece pricing, and the department did not satisfactorily justify adoption of a per kilogram basis. The valuation adopted by the lower authorities was therefore not treated as final, and the matter was remitted for fresh adjudication with an opportunity to file additional material. As the magnets had remained in customs custody for a substantial period and prolonged storage could affect their magnetic properties, provisional release was considered appropriate on deposit and bond, while the valuation dispute was left open for de novo decision. Case-Laws Customs Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347447