https://www.taxtmi.com/caselaws?id=49084 In a revision concerning penalty for short-landing of goods under the Customs Act, the valuation of missing packages had to be reassessed on a reasonable basis in light of the evidence produced. Packing lists, invoices and related material could not be ignored, and the figure adopted earlier was not shown to have been worked out clearly or reasonably. An average-basis valuation of the short-landed cases was accepted, and the penalty was reduced accordingly, with relief granted to the party to that extent. en-us Thu, 08 Feb 1990 00:00:00 +0530 Mon, 09 Aug 2010 15:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49084 In a revision concerning penalty for short-landing of goods under the Customs Act, the valuation of missing packages had to be reassessed on a reasonable basis in light of the evidence produced. Packing lists, invoices and related material could not be ignored, and the figure adopted earlier was not shown to have been worked out clearly or reasonably. An average-basis valuation of the short-landed cases was accepted, and the penalty was reduced accordingly, with relief granted to the party to that extent. Case-Laws Customs Thu, 08 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49084