https://www.taxtmi.com/caselaws?id=449165 Declared transaction value cannot be rejected on the basis of NIDB data or non-contemporaneous import references unless legally sustainable comparable evidence is produced; on these facts, value enhancement was set aside. Non-affixation of MRP/RSP on the packages was treated as a curable defect and did not justify confiscation or penal action under the packaged commodities regime. Import through a port that was restricted during the relevant period did amount to a customs violation and attracted penalty, but only to a limited extent, with the remaining fine and penalties unsustainable. en-us Mon, 05 Feb 2024 00:00:00 +0530 Wed, 07 Feb 2024 07:14:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449165 Declared transaction value cannot be rejected on the basis of NIDB data or non-contemporaneous import references unless legally sustainable comparable evidence is produced; on these facts, value enhancement was set aside. Non-affixation of MRP/RSP on the packages was treated as a curable defect and did not justify confiscation or penal action under the packaged commodities regime. Import through a port that was restricted during the relevant period did amount to a customs violation and attracted penalty, but only to a limited extent, with the remaining fine and penalties unsustainable. Case-Laws Customs Mon, 05 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449165