https://www.taxtmi.com/caselaws?id=362337 Post-clearance confiscation for alleged value misdeclaration is limited where imported goods have undergone final assessment and been cleared for home consumption, unless the statutory framework for duty short-levy or prohibited imports applies. Transaction value may be rejected only under the prescribed customs valuation process, with alternate valuation methods applied sequentially rather than through assumptions, incomplete comparisons, or speculative profit margins. Allegations of undervaluation and misdeclaration require a reliable evidentiary chain establishing the provenance and relevance of parallel transactions, test reports, and supporting documents. Unverified foreign dealings and inconsistent testing material do not, without sufficient foundational proof, support enhanced valuation, confiscation, or penalties. en-us Thu, 31 May 2018 00:00:00 +0530 Thu, 20 Jun 2019 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362337 Post-clearance confiscation for alleged value misdeclaration is limited where imported goods have undergone final assessment and been cleared for home consumption, unless the statutory framework for duty short-levy or prohibited imports applies. Transaction value may be rejected only under the prescribed customs valuation process, with alternate valuation methods applied sequentially rather than through assumptions, incomplete comparisons, or speculative profit margins. Allegations of undervaluation and misdeclaration require a reliable evidentiary chain establishing the provenance and relevance of parallel transactions, test reports, and supporting documents. Unverified foreign dealings and inconsistent testing material do not, without sufficient foundational proof, support enhanced valuation, confiscation, or penalties. Case-Laws Customs Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362337