https://www.taxtmi.com/caselaws?id=389040 Imported goods cannot be revalued on the basis of unauthenticated load port documents obtained through shipping lines unless the revenue produces corroborating evidence of a higher transaction price. The article notes that photocopies, without authentication by the overseas exporter or foreign customs authorities, are insufficient to support enhancement, and any related duty demand, confiscation and penalties fail with it. It also explains that the similar-goods method under the Customs Valuation Rules requires a proper evidentiary comparison of characteristics, commercial interchangeability and other material factors. Where similarity is not established, re-determination of value for remaining consignments is unsustainable, together with consequential duty, interest, confiscation and penalties. en-us Wed, 27 Nov 2019 00:00:00 +0530 Fri, 29 Nov 2019 10:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389040 Imported goods cannot be revalued on the basis of unauthenticated load port documents obtained through shipping lines unless the revenue produces corroborating evidence of a higher transaction price. The article notes that photocopies, without authentication by the overseas exporter or foreign customs authorities, are insufficient to support enhancement, and any related duty demand, confiscation and penalties fail with it. It also explains that the similar-goods method under the Customs Valuation Rules requires a proper evidentiary comparison of characteristics, commercial interchangeability and other material factors. Where similarity is not established, re-determination of value for remaining consignments is unsustainable, together with consequential duty, interest, confiscation and penalties. Case-Laws Customs Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389040