https://www.taxtmi.com/caselaws?id=751460 Declared import value cannot be rejected and enhanced on the basis of a bare internet price quote; comparable valuation requires reliable contemporaneous imports of identical or similar goods with relevant comparability factors, so the enhanced value could not be sustained on that material alone. Confiscation under Section 111(m) was not established on the present record where the colour, batch number and batch quantity mismatch appeared to arise from the foreign supplier's mistake and the declared quantity matched, absent clear material of mala fide intent or duty evasion. A rectified typographical error in the test certificate also could not by itself justify confiscation under Section 111(d), and the matter required fresh adjudication after reconsideration and hearing. en-us Mon, 15 Apr 2024 00:00:00 +0530 Wed, 17 Apr 2024 08:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751460 Declared import value cannot be rejected and enhanced on the basis of a bare internet price quote; comparable valuation requires reliable contemporaneous imports of identical or similar goods with relevant comparability factors, so the enhanced value could not be sustained on that material alone. Confiscation under Section 111(m) was not established on the present record where the colour, batch number and batch quantity mismatch appeared to arise from the foreign supplier's mistake and the declared quantity matched, absent clear material of mala fide intent or duty evasion. A rectified typographical error in the test certificate also could not by itself justify confiscation under Section 111(d), and the matter required fresh adjudication after reconsideration and hearing. Case-Laws Customs Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751460