https://www.taxtmi.com/caselaws?id=279827 Classification and valuation of imported goods must rest on contemporaneous, credible evidence, not on suspicion or presumption. The imported consignment was described consistently as heavy melting scrap in the bill of entry, commercial invoice, packing list and pre-shipment inspection certificate, and the jurisdictional Central Excise end-use certificate also supported that description. As the revenue produced no evidence that the goods were not scrap and relied on no contemporaneous imports or technical expert opinion to justify enhancement, the misdescription finding and reclassification were unsustainable. The enhanced value, confiscation, redemption fine and penalty were therefore set aside. en-us Fri, 11 May 2018 00:00:00 +0530 Mon, 08 Apr 2019 00:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279827 Classification and valuation of imported goods must rest on contemporaneous, credible evidence, not on suspicion or presumption. The imported consignment was described consistently as heavy melting scrap in the bill of entry, commercial invoice, packing list and pre-shipment inspection certificate, and the jurisdictional Central Excise end-use certificate also supported that description. As the revenue produced no evidence that the goods were not scrap and relied on no contemporaneous imports or technical expert opinion to justify enhancement, the misdescription finding and reclassification were unsustainable. The enhanced value, confiscation, redemption fine and penalty were therefore set aside. Case-Laws Customs Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279827