https://www.taxtmi.com/caselaws?id=465069 Undervaluation of imported goods must be proved with admissible and corroborated evidence before the declared transaction value can be rejected. Unsigned recovered invoices, unauthenticated computer printouts and uncorroborated third-party statements were insufficient where the consignments had already been cleared on assessment and no independent proof showed extra payment, a bank trail or reliable contemporaneous import data. In these circumstances, the declared value could not be displaced, and the consequential demand for differential customs duty, interest and penalties was not sustainable. en-us Wed, 05 Feb 2025 00:00:00 +0530 Thu, 04 Dec 2025 19:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465069 Undervaluation of imported goods must be proved with admissible and corroborated evidence before the declared transaction value can be rejected. Unsigned recovered invoices, unauthenticated computer printouts and uncorroborated third-party statements were insufficient where the consignments had already been cleared on assessment and no independent proof showed extra payment, a bank trail or reliable contemporaneous import data. In these circumstances, the declared value could not be displaced, and the consequential demand for differential customs duty, interest and penalties was not sustainable. Case-Laws Customs Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465069