https://www.taxtmi.com/caselaws?id=356865 Reliable foreign customs documents, corroborated by matching invoices, bills of export, bills of lading and the supplier's statement, were sufficient to displace the declared import transaction value and support enhancement of assessable value; the differential duty and related penalty were upheld. Redemption fine could not be sustained because the goods were neither available for confiscation nor provisionally released; it was set aside. A separate personal penalty on the proprietor was also unwarranted where penalty had already been imposed on the proprietary concern for the same demand; that additional penalty was set aside. en-us Wed, 07 Mar 2018 00:00:00 +0530 Sat, 02 Mar 2019 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356865 Reliable foreign customs documents, corroborated by matching invoices, bills of export, bills of lading and the supplier's statement, were sufficient to displace the declared import transaction value and support enhancement of assessable value; the differential duty and related penalty were upheld. Redemption fine could not be sustained because the goods were neither available for confiscation nor provisionally released; it was set aside. A separate personal penalty on the proprietor was also unwarranted where penalty had already been imposed on the proprietary concern for the same demand; that additional penalty was set aside. Case-Laws Customs Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356865