https://www.taxtmi.com/caselaws?id=466094 The text addresses rejection of declared transaction value for imported used furniture and subsequent adjudication of enhanced valuation, confiscation, redemption fine and penalties. It reasons that the chartered engineers appraisal relied on hypothetical calculations and web-sourced assumptions, which do not provide adequate basis to reject the transaction value; accordingly the enhanced assessable value based on that report is not legally sustainable, and measures predicated on it including confiscation under customs law, redemption fine and penalties are set aside with consequential relief to the importer. en-us Fri, 12 Apr 2024 00:00:00 +0530 Fri, 23 Jan 2026 19:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466094 The text addresses rejection of declared transaction value for imported used furniture and subsequent adjudication of enhanced valuation, confiscation, redemption fine and penalties. It reasons that the chartered engineers appraisal relied on hypothetical calculations and web-sourced assumptions, which do not provide adequate basis to reject the transaction value; accordingly the enhanced assessable value based on that report is not legally sustainable, and measures predicated on it including confiscation under customs law, redemption fine and penalties are set aside with consequential relief to the importer. Case-Laws Customs Fri, 12 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466094