https://www.taxtmi.com/caselaws?id=41404 Customs valuation of imported lead glass tubing was upheld on the basis that contemporaneous comparable quotations could be used where the declared price appeared unrealistically low and direct valuation was unavailable. The authorities were entitled to rely on manufacturer and trader quotations, and the importers suffered no prejudice because they could rebut them. Penalty for mis-declaration of weight in the third consignment was also sustained, because the declared quantity materially understated the actual shipment and the explanation was found false and frivolous. The challenge to both customs orders failed, and no relief was granted. en-us Wed, 31 Aug 1983 00:00:00 +0530 Wed, 02 Jun 2010 18:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41404 Customs valuation of imported lead glass tubing was upheld on the basis that contemporaneous comparable quotations could be used where the declared price appeared unrealistically low and direct valuation was unavailable. The authorities were entitled to rely on manufacturer and trader quotations, and the importers suffered no prejudice because they could rebut them. Penalty for mis-declaration of weight in the third consignment was also sustained, because the declared quantity materially understated the actual shipment and the explanation was found false and frivolous. The challenge to both customs orders failed, and no relief was granted. Case-Laws Customs Wed, 31 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41404