https://www.taxtmi.com/caselaws?id=785540 Rejection of declared transaction value is sustained where part of the consideration is paid outside banking channels, vitiating the invoice as transaction value; consequence: adoption of residual method by adding undeclared consideration to assessable value. Re-determination based on voluntary admissions recorded under section 108 and corroborative enforcement material supports valuation uplift; consequence: confirmation of differential customs duty. Deliberate non-disclosure of actual consideration constitutes suppression and wilful misstatement, justifying invocation of the extended period of limitation; consequence: extended assessment timeframe. Inclusion of interest on differential duty is mandatory. Admissions and corroborative findings justify imposition of mandatory penalty and confiscation for mis-declaration; consequence: upheld penalty and confiscation findings. en-us Thu, 22 Jan 2026 00:00:00 +0530 Tue, 27 Jan 2026 07:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785540 Rejection of declared transaction value is sustained where part of the consideration is paid outside banking channels, vitiating the invoice as transaction value; consequence: adoption of residual method by adding undeclared consideration to assessable value. Re-determination based on voluntary admissions recorded under section 108 and corroborative enforcement material supports valuation uplift; consequence: confirmation of differential customs duty. Deliberate non-disclosure of actual consideration constitutes suppression and wilful misstatement, justifying invocation of the extended period of limitation; consequence: extended assessment timeframe. Inclusion of interest on differential duty is mandatory. Admissions and corroborative findings justify imposition of mandatory penalty and confiscation for mis-declaration; consequence: upheld penalty and confiscation findings. Case-Laws Customs Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785540