https://www.taxtmi.com/caselaws?id=361704 Assessable value of imported paraffin wax could not be enhanced merely on NIDB data where the importer produced contemporaneous Bills of Entry and manufacturer invoices, and no independent evidence showed payment of a higher price. Misdeclaration of description and value having already been upheld, confiscation remained justified in principle. However, the redemption fine and personal penalty were reduced as excessive, and one penalty was set aside because no adequate reasons were recorded for imposing it on the other appellant. The valuation enhancement was deleted, confiscation was sustained, and the relief was granted partly by reducing the monetary consequences. en-us Fri, 16 Mar 2018 00:00:00 +0530 Wed, 13 Jun 2018 08:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361704 Assessable value of imported paraffin wax could not be enhanced merely on NIDB data where the importer produced contemporaneous Bills of Entry and manufacturer invoices, and no independent evidence showed payment of a higher price. Misdeclaration of description and value having already been upheld, confiscation remained justified in principle. However, the redemption fine and personal penalty were reduced as excessive, and one penalty was set aside because no adequate reasons were recorded for imposing it on the other appellant. The valuation enhancement was deleted, confiscation was sustained, and the relief was granted partly by reducing the monetary consequences. Case-Laws Customs Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361704