https://www.taxtmi.com/caselaws?id=351239 Mis-declaration in the description and quantity of imported goods, including the presence of undeclared goods, justified confiscation under the Customs Act, 1962 because the importer had not correctly declared the consignment contents. The declared transaction value was also rejectable where mis-declaration made the stated value unacceptable, and valuation by market enquiry under the Customs Valuation Rules, 2007 was upheld in the absence of contemporaneous import evidence and any material irregularity in the adopted method. The retraction of statements did not displace the valuation basis accepted by the department. en-us Thu, 26 Oct 2017 00:00:00 +0530 Wed, 22 Nov 2017 08:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351239 Mis-declaration in the description and quantity of imported goods, including the presence of undeclared goods, justified confiscation under the Customs Act, 1962 because the importer had not correctly declared the consignment contents. The declared transaction value was also rejectable where mis-declaration made the stated value unacceptable, and valuation by market enquiry under the Customs Valuation Rules, 2007 was upheld in the absence of contemporaneous import evidence and any material irregularity in the adopted method. The retraction of statements did not displace the valuation basis accepted by the department. Case-Laws Customs Thu, 26 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351239