https://www.taxtmi.com/caselaws?id=291694 Imported wooden furniture assessed on a per-piece basis could not have its declared transaction value enhanced pro rata merely because excess weight was found on physical verification. The declared assessable value was supported by proforma invoices, and the Revenue did not dispute the transaction value or show that duty was chargeable by weight. On that footing, loading the invoice price on a proportional weight basis had no legal foundation. The resulting demand, confiscation and penalty based on such enhancement were unsustainable, and the impugned order was set aside with consequential relief. en-us Thu, 15 Nov 2018 00:00:00 +0530 Mon, 23 Nov 2020 11:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291694 Imported wooden furniture assessed on a per-piece basis could not have its declared transaction value enhanced pro rata merely because excess weight was found on physical verification. The declared assessable value was supported by proforma invoices, and the Revenue did not dispute the transaction value or show that duty was chargeable by weight. On that footing, loading the invoice price on a proportional weight basis had no legal foundation. The resulting demand, confiscation and penalty based on such enhancement were unsustainable, and the impugned order was set aside with consequential relief. Case-Laws Customs Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291694