https://www.taxtmi.com/caselaws?id=45375 Imported goods may be revalued at the higher genuine transaction price where documentary and oral evidence shows a fabricated parallel arrangement, duplicate invoices, and a lower declared price that does not reflect the real bargain; the differential customs duty demand was sustained. The separate question whether licences produced after import were legally acceptable under the import control regime remained unresolved and was left for fresh adjudication. Because the penalty was imposed for both undervaluation and import-control breach, and the licensing issue was still pending, the penalty was set aside for reconsideration after that issue is decided. en-us Thu, 24 Feb 2000 00:00:00 +0530 Mon, 30 Jun 2014 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45375 Imported goods may be revalued at the higher genuine transaction price where documentary and oral evidence shows a fabricated parallel arrangement, duplicate invoices, and a lower declared price that does not reflect the real bargain; the differential customs duty demand was sustained. The separate question whether licences produced after import were legally acceptable under the import control regime remained unresolved and was left for fresh adjudication. Because the penalty was imposed for both undervaluation and import-control breach, and the licensing issue was still pending, the penalty was set aside for reconsideration after that issue is decided. Case-Laws Customs Thu, 24 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45375