https://www.taxtmi.com/caselaws?id=766958 Import valuation may be rejected where recovered contemporaneous documents and admitted physical examination establish misdeclaration of goods and undervaluation. For the provisionally assessed betel-nut consignment, container-wise fax details inconsistent with the declared invoice and findings of different varieties supported redetermination under the valuation rules; confiscation and penalty remained warranted, subject to reduced fine and penalty. Final assessments for other consignments could not be reopened solely on general inferences, diary entries, or material concerning different goods. Without specific, reliable fresh evidence, their declared values could not be discarded and the related duty demands were set aside. en-us Tue, 18 Feb 2025 00:00:00 +0530 Thu, 06 Mar 2025 12:21:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766958 Import valuation may be rejected where recovered contemporaneous documents and admitted physical examination establish misdeclaration of goods and undervaluation. For the provisionally assessed betel-nut consignment, container-wise fax details inconsistent with the declared invoice and findings of different varieties supported redetermination under the valuation rules; confiscation and penalty remained warranted, subject to reduced fine and penalty. Final assessments for other consignments could not be reopened solely on general inferences, diary entries, or material concerning different goods. Without specific, reliable fresh evidence, their declared values could not be discarded and the related duty demands were set aside. Case-Laws Customs Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766958