https://www.taxtmi.com/caselaws?id=761081 CESTAT New Delhi upheld rejection of transaction value under Rule 12 where imported goods' thickness (0.38-0.45 mm) differed from Bill of Entry declaration (0.3 mm). Appellant's owner admitted the mistake, and no invoices were provided for actually imported goods. Court found reasonable doubt existed regarding transaction value accuracy. Valuation was correctly determined under Rule 5 as no identical goods imports existed. Goods were properly confiscated under Section 111(m) for false declaration, with redemption fine imposed under Section 125. Penalties of Rs. 3,00,000 each under Sections 114AA and 112 were upheld, finding intentional mis-declaration to evade duty. Appeal dismissed. en-us Mon, 04 Nov 2024 00:00:00 +0530 Tue, 05 Nov 2024 07:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761081 CESTAT New Delhi upheld rejection of transaction value under Rule 12 where imported goods' thickness (0.38-0.45 mm) differed from Bill of Entry declaration (0.3 mm). Appellant's owner admitted the mistake, and no invoices were provided for actually imported goods. Court found reasonable doubt existed regarding transaction value accuracy. Valuation was correctly determined under Rule 5 as no identical goods imports existed. Goods were properly confiscated under Section 111(m) for false declaration, with redemption fine imposed under Section 125. Penalties of Rs. 3,00,000 each under Sections 114AA and 112 were upheld, finding intentional mis-declaration to evade duty. Appeal dismissed. Case-Laws Customs Mon, 04 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761081