https://www.taxtmi.com/caselaws?id=392522 Misdeclaration of imported goods was not conclusively established because the record did not clearly show whether the yacht description error was intentional or merely clerical, so the issue required fresh factual examination. Declared customs value cannot be displaced directly under Rule 3(1); the proper officer must first have recorded reasonable doubt, reject the declared value under Rule 12, and then apply the sequential valuation mechanism. Because that rejection procedure was not properly followed, the valuation exercise was legally incomplete and required reconsideration. Both the description issue and the valuation issue were left open for fresh adjudication. en-us Mon, 02 Dec 2019 00:00:00 +0530 Sat, 22 Feb 2020 16:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392522 Misdeclaration of imported goods was not conclusively established because the record did not clearly show whether the yacht description error was intentional or merely clerical, so the issue required fresh factual examination. Declared customs value cannot be displaced directly under Rule 3(1); the proper officer must first have recorded reasonable doubt, reject the declared value under Rule 12, and then apply the sequential valuation mechanism. Because that rejection procedure was not properly followed, the valuation exercise was legally incomplete and required reconsideration. Both the description issue and the valuation issue were left open for fresh adjudication. Case-Laws Customs Mon, 02 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392522