https://www.taxtmi.com/caselaws?id=379438 Declared import value enhanced on the basis of NIDB data was held unsustainable because the substituted valuation lacked sufficient support on the materials relied upon. Once the enhancement failed, confiscation for undervaluation and the connected redemption fine also could not stand, and were set aside. The penalties imposed on the importer and co-noticees likewise fell away because they depended entirely on the unsustainable undervaluation finding and resulting confiscation. The appeals were allowed and the impugned orders were interfered with to that extent. en-us Mon, 29 Apr 2019 00:00:00 +0530 Mon, 06 Jan 2020 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379438 Declared import value enhanced on the basis of NIDB data was held unsustainable because the substituted valuation lacked sufficient support on the materials relied upon. Once the enhancement failed, confiscation for undervaluation and the connected redemption fine also could not stand, and were set aside. The penalties imposed on the importer and co-noticees likewise fell away because they depended entirely on the unsustainable undervaluation finding and resulting confiscation. The appeals were allowed and the impugned orders were interfered with to that extent. Case-Laws Customs Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379438