https://www.taxtmi.com/caselaws?id=361661 Reliable evidence showed the actual transaction value of imported goods, including recovered invoices and an unretracted statement that additional consideration was paid in cash; the declared assessable value was therefore correctly rejected and re-determined on that basis. Redemption fine under Section 125 of the Customs Act could not be sustained because such fine presupposes goods available for confiscation, and the goods were not available. The duty demand based on the real transaction value was maintained, while the redemption fine was set aside. en-us Wed, 16 May 2018 00:00:00 +0530 Wed, 14 Nov 2018 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361661 Reliable evidence showed the actual transaction value of imported goods, including recovered invoices and an unretracted statement that additional consideration was paid in cash; the declared assessable value was therefore correctly rejected and re-determined on that basis. Redemption fine under Section 125 of the Customs Act could not be sustained because such fine presupposes goods available for confiscation, and the goods were not available. The duty demand based on the real transaction value was maintained, while the redemption fine was set aside. Case-Laws Customs Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361661