https://www.taxtmi.com/caselaws?id=438581 Declared import value of old and used worn clothing cannot be enhanced merely on the basis of NIDB data unless supported by contemporaneous imports or other corroborative evidence. Where the record does not show an available market price or proof of payment over and above the declared value, rejection of the enhanced assessable value is justified. On the same facts, reduction of redemption fine and penalty is not interfered with when the lower authority scales them down after considering the evidence and prior guidance, and no infirmity is shown in that approach. en-us Mon, 01 May 2023 00:00:00 +0530 Mon, 05 Jun 2023 08:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438581 Declared import value of old and used worn clothing cannot be enhanced merely on the basis of NIDB data unless supported by contemporaneous imports or other corroborative evidence. Where the record does not show an available market price or proof of payment over and above the declared value, rejection of the enhanced assessable value is justified. On the same facts, reduction of redemption fine and penalty is not interfered with when the lower authority scales them down after considering the evidence and prior guidance, and no infirmity is shown in that approach. Case-Laws Customs Mon, 01 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438581