https://www.taxtmi.com/caselaws?id=427079 Electronic records used to allege undervaluation must satisfy the statutory conditions for admissibility of computer output; where hard disks and a pen drive were not properly seized, produced, or certified, the printouts could not be relied on. Without that material, declared transaction value could not be rejected on the basis of retracted statements, uncorroborated market enquiries, or non-comparable import data. Quotations for isolated units and small-quantity imports did not establish actual comparable sales or justify enhancement of assessable value. Once the valuation basis failed, the associated duty demand, interest, confiscation-related action, and penalties also could not survive, and the impugned order was set aside with consequential relief. en-us Mon, 22 Aug 2022 00:00:00 +0530 Thu, 01 Sep 2022 08:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427079 Electronic records used to allege undervaluation must satisfy the statutory conditions for admissibility of computer output; where hard disks and a pen drive were not properly seized, produced, or certified, the printouts could not be relied on. Without that material, declared transaction value could not be rejected on the basis of retracted statements, uncorroborated market enquiries, or non-comparable import data. Quotations for isolated units and small-quantity imports did not establish actual comparable sales or justify enhancement of assessable value. Once the valuation basis failed, the associated duty demand, interest, confiscation-related action, and penalties also could not survive, and the impugned order was set aside with consequential relief. Case-Laws Customs Mon, 22 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427079