https://www.taxtmi.com/caselaws?id=399575 Imported goods declared as aluminium scrap were found on examination to include a substantial quantity of old and used serviceable pipes, materially differing from the Bill of Entry description. Because the importer produced no plausible evidence to support the declared description, the transaction value was rejected under Rule 12 of the Customs Valuation Rules, 2007 and re-determined on the basis of the goods actually found. The misdeclaration also sustained confiscation, redemption fine, and penalty under the Customs Act, 1962. en-us Mon, 10 Feb 2020 00:00:00 +0530 Wed, 14 Oct 2020 12:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399575 Imported goods declared as aluminium scrap were found on examination to include a substantial quantity of old and used serviceable pipes, materially differing from the Bill of Entry description. Because the importer produced no plausible evidence to support the declared description, the transaction value was rejected under Rule 12 of the Customs Valuation Rules, 2007 and re-determined on the basis of the goods actually found. The misdeclaration also sustained confiscation, redemption fine, and penalty under the Customs Act, 1962. Case-Laws Customs Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399575