https://www.taxtmi.com/caselaws?id=351762 Imported used rusted pipes were treated as goods requiring a specific import licence, and the admitted absence of that licence supported confiscation. The customs authorities also rejected the declared transaction value because the importer produced no evidence to prove it, and the invoices showing the exporter and consignee as the same entity created doubt about the declared price. On that basis, the value was re-determined under section 14(1) of the Customs Act, 1962 read with the Customs Valuation Rules, applying Rule 12 to enhance the assessable value. The appeal was therefore unsuccessful on both confiscation and valuation. en-us Fri, 11 Aug 2017 00:00:00 +0530 Fri, 01 Dec 2017 08:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351762 Imported used rusted pipes were treated as goods requiring a specific import licence, and the admitted absence of that licence supported confiscation. The customs authorities also rejected the declared transaction value because the importer produced no evidence to prove it, and the invoices showing the exporter and consignee as the same entity created doubt about the declared price. On that basis, the value was re-determined under section 14(1) of the Customs Act, 1962 read with the Customs Valuation Rules, applying Rule 12 to enhance the assessable value. The appeal was therefore unsuccessful on both confiscation and valuation. Case-Laws Customs Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351762