https://www.taxtmi.com/caselaws?id=753649 Imported goods declared as display cabinets were found on examination to be freezers, together with undeclared furniture hardware, establishing misdeclaration and undervaluation. The un-retracted admission, payment of differential duty after reassessment, and absence of material rebutting the reassessed value supported confirmation of liability. In the absence of contemporaneous imports of identical or similar goods, valuation was carried out under Rule 7 of the Customs Valuation Rules, 2007. The reassessment of value, demand of differential duty, and penalties were upheld, and the challenge failed for lack of merit. en-us Fri, 31 May 2024 00:00:00 +0530 Fri, 07 Jun 2024 08:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753649 Imported goods declared as display cabinets were found on examination to be freezers, together with undeclared furniture hardware, establishing misdeclaration and undervaluation. The un-retracted admission, payment of differential duty after reassessment, and absence of material rebutting the reassessed value supported confirmation of liability. In the absence of contemporaneous imports of identical or similar goods, valuation was carried out under Rule 7 of the Customs Valuation Rules, 2007. The reassessment of value, demand of differential duty, and penalties were upheld, and the challenge failed for lack of merit. Case-Laws Customs Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753649