https://www.taxtmi.com/highlights?id=95985 Whether transaction value must be fixed by contemporaneous imports when declared goods differ in specification; the officer reasonably doubted the invoice value because declared thickness (0.62 mm) differed from measured thickness (0.740.81 mm), and contemporaneous identical imports recorded US$1.80 and US$1.85 per metre, so valuation under Rule 4 was fixed at the lower US$1.80/m and assessable value, differential duty and penalty were re-determined accordingly. Whether mis-declaration justified confiscation, redemption fine and director penalty; import was found mis-declared, the modest redemption fine and director penalty were considered appropriate and those measures were upheld by the tribunal. en-us Tue, 13 Jan 2026 11:32:10 +0530 Tue, 13 Jan 2026 11:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95985 Whether transaction value must be fixed by contemporaneous imports when declared goods differ in specification; the officer reasonably doubted the invoice value because declared thickness (0.62 mm) differed from measured thickness (0.740.81 mm), and contemporaneous identical imports recorded US$1.80 and US$1.85 per metre, so valuation under Rule 4 was fixed at the lower US$1.80/m and assessable value, differential duty and penalty were re-determined accordingly. Whether mis-declaration justified confiscation, redemption fine and director penalty; import was found mis-declared, the modest redemption fine and director penalty were considered appropriate and those measures were upheld by the tribunal. Highlights Customs Tue, 13 Jan 2026 11:32:10 +0530 https://www.taxtmi.com/highlights?id=95985