https://www.taxtmi.com/caselaws?id=349313 Transaction value under the Customs Act and Customs Valuation Rules cannot be rejected merely on suspicion or on comparison with dissimilar goods; mixed stock lots of alcoholic beverages could not be valued against prime branded imports, so the enhancement was unsustainable. Because that valuation basis failed, the differential duty demand, confiscation and penalties on the importer and managing director also fell. The penalty on the customs appraiser was likewise set aside, as his assessment was based on stock-lot data accepted in the assessment record and no sufficient basis for penal action was shown. en-us Wed, 30 Aug 2017 00:00:00 +0530 Fri, 29 Jun 2018 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349313 Transaction value under the Customs Act and Customs Valuation Rules cannot be rejected merely on suspicion or on comparison with dissimilar goods; mixed stock lots of alcoholic beverages could not be valued against prime branded imports, so the enhancement was unsustainable. Because that valuation basis failed, the differential duty demand, confiscation and penalties on the importer and managing director also fell. The penalty on the customs appraiser was likewise set aside, as his assessment was based on stock-lot data accepted in the assessment record and no sufficient basis for penal action was shown. Case-Laws Customs Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349313