https://www.taxtmi.com/caselaws?id=381144 Declared import value cannot be rejected unless customs applies the valuation rules sequentially and gives a reasoned basis for disregarding contemporaneous import data; on the facts, the invoice details were verified and the declared value was accepted. A breach of the vehicle-possession condition was also treated as atoned once the goods were released on payment of redemption fine in lieu of confiscation, so no further relief was available on that ground. The Revenue's challenge therefore failed on both valuation and confiscation-related issues. en-us Thu, 16 May 2019 00:00:00 +0530 Wed, 05 Jun 2019 09:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381144 Declared import value cannot be rejected unless customs applies the valuation rules sequentially and gives a reasoned basis for disregarding contemporaneous import data; on the facts, the invoice details were verified and the declared value was accepted. A breach of the vehicle-possession condition was also treated as atoned once the goods were released on payment of redemption fine in lieu of confiscation, so no further relief was available on that ground. The Revenue's challenge therefore failed on both valuation and confiscation-related issues. Case-Laws Customs Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381144