https://www.taxtmi.com/caselaws?id=390869 Assessable value of imported goods could not be enhanced on the basis of a proforma invoice not issued in the importer's name, especially where no evidence showed extra payment beyond the declared invoice value and the bill of entry assessment had not been challenged. The proforma invoice alone was insufficient to prove the true transaction value. Because the alleged under-valuation failed, the connected confiscation, redemption fine, and penalty also could not be sustained. The appeal was allowed with consequential relief, and the duty enhancement and penal consequences were set aside. en-us Wed, 18 Dec 2019 00:00:00 +0530 Tue, 14 Jan 2020 08:33:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390869 Assessable value of imported goods could not be enhanced on the basis of a proforma invoice not issued in the importer's name, especially where no evidence showed extra payment beyond the declared invoice value and the bill of entry assessment had not been challenged. The proforma invoice alone was insufficient to prove the true transaction value. Because the alleged under-valuation failed, the connected confiscation, redemption fine, and penalty also could not be sustained. The appeal was allowed with consequential relief, and the duty enhancement and penal consequences were set aside. Case-Laws Customs Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390869