https://www.taxtmi.com/caselaws?id=30891 Declared import value may be rejected where it is grossly below contemporaneous prices of identical goods from the same country of origin and the importer fails to rebut the discrepancy, including by producing the manufacturer's invoice. In such circumstances, loading of value is justified under customs valuation principles, and the resulting duty demand, confiscation, and redemption fine may be sustained. A separate monetary penalty can still be moderated if, on the facts, it is found to be excessive; here, the penalty was reduced while the valuation-based liability remained intact. en-us Mon, 02 Jun 2008 00:00:00 +0530 Fri, 03 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30891 Declared import value may be rejected where it is grossly below contemporaneous prices of identical goods from the same country of origin and the importer fails to rebut the discrepancy, including by producing the manufacturer's invoice. In such circumstances, loading of value is justified under customs valuation principles, and the resulting duty demand, confiscation, and redemption fine may be sustained. A separate monetary penalty can still be moderated if, on the facts, it is found to be excessive; here, the penalty was reduced while the valuation-based liability remained intact. Case-Laws Customs Mon, 02 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30891