https://www.taxtmi.com/caselaws?id=41009 Where an importer failed to produce satisfactory evidence supporting the declared invoice value, the customs authorities were justified in disregarding a later auditor's clarification and order acknowledgments that appeared to be an afterthought. In the absence of material enabling valuation under the prescribed rules, the proper officer could resort to best judgment valuation, and a 15 per cent loading was not arbitrary. The demand for duty found payable on final assessment was also held not to be governed by Section 28 limitation, since it was not a case of short-levied, non-levied, or erroneously refunded duty. The customs orders were sustained and the writ petition rejected. en-us Fri, 04 Sep 1981 00:00:00 +0530 Wed, 19 May 2010 17:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41009 Where an importer failed to produce satisfactory evidence supporting the declared invoice value, the customs authorities were justified in disregarding a later auditor's clarification and order acknowledgments that appeared to be an afterthought. In the absence of material enabling valuation under the prescribed rules, the proper officer could resort to best judgment valuation, and a 15 per cent loading was not arbitrary. The demand for duty found payable on final assessment was also held not to be governed by Section 28 limitation, since it was not a case of short-levied, non-levied, or erroneously refunded duty. The customs orders were sustained and the writ petition rejected. Case-Laws Customs Fri, 04 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41009