https://www.taxtmi.com/caselaws?id=386629 Customs valuation cannot be enhanced on the basis of third-party emails, consular reports, test reports and disputed statements without independent corroboration and effective cross-examination, so the allegations of misdeclaration and undervaluation in the zinc and aluminium scrap consignments were not established. Where the consignments were provisionally assessed and cleared on test bond, demand under Section 28 of the Customs Act was impermissible. Revaluation of aluminium scrap by applying London Metal Exchange prices with discount bands, instead of transaction value and contemporaneous import data, was also not permissible. As the principal demands failed, additional customs duty, confiscation and penalties could not survive. en-us Tue, 01 Oct 2019 00:00:00 +0530 Fri, 04 Oct 2019 10:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386629 Customs valuation cannot be enhanced on the basis of third-party emails, consular reports, test reports and disputed statements without independent corroboration and effective cross-examination, so the allegations of misdeclaration and undervaluation in the zinc and aluminium scrap consignments were not established. Where the consignments were provisionally assessed and cleared on test bond, demand under Section 28 of the Customs Act was impermissible. Revaluation of aluminium scrap by applying London Metal Exchange prices with discount bands, instead of transaction value and contemporaneous import data, was also not permissible. As the principal demands failed, additional customs duty, confiscation and penalties could not survive. Case-Laws Customs Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386629