https://www.taxtmi.com/caselaws?id=380694 Imported goods found on scanning and examination to be serviceable steel plates camouflaged as scrap were treated as misdeclared, and the importer's high-seas sale explanation did not displace the physical findings. On that basis, confiscation and penalty under the Customs Act were upheld. The Tribunal also accepted residual valuation under Rule 9 of the Customs Valuation Rules, as comparable imports and other market indicators showed the declared value did not reflect the goods' true worth. The enhanced valuation was therefore sustained, and the Commissioner's order was affirmed in full. en-us Tue, 21 May 2019 00:00:00 +0530 Mon, 27 May 2019 07:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380694 Imported goods found on scanning and examination to be serviceable steel plates camouflaged as scrap were treated as misdeclared, and the importer's high-seas sale explanation did not displace the physical findings. On that basis, confiscation and penalty under the Customs Act were upheld. The Tribunal also accepted residual valuation under Rule 9 of the Customs Valuation Rules, as comparable imports and other market indicators showed the declared value did not reflect the goods' true worth. The enhanced valuation was therefore sustained, and the Commissioner's order was affirmed in full. Case-Laws Customs Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380694