https://www.taxtmi.com/caselaws?id=349319 Declared transaction value of imported semi-precious stones was rejected because search findings, branded packing material, and the partner's admissions indicated under-valuation. The assessable value was then determined through a duly constituted committee of trade experts and an officer, and that valuation process was found to be lawful. On that basis, confiscation, redemption fine, penalty, and differential duty demand were sustained, and the challenge to valuation failed. en-us Mon, 11 Sep 2017 00:00:00 +0530 Wed, 11 Oct 2017 06:12:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349319 Declared transaction value of imported semi-precious stones was rejected because search findings, branded packing material, and the partner's admissions indicated under-valuation. The assessable value was then determined through a duly constituted committee of trade experts and an officer, and that valuation process was found to be lawful. On that basis, confiscation, redemption fine, penalty, and differential duty demand were sustained, and the challenge to valuation failed. Case-Laws Customs Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349319