https://www.taxtmi.com/caselaws?id=49761 Declared transaction value of imported second hand diesel engines could not be discarded and enhanced by comparison with similar or identical goods without first rejecting the declared value on legally sustainable grounds under the valuation framework; the recorded reasons were inadequate, so the enhancement could not stand and required fresh consideration. Absolute confiscation was also not justified where the goods were not shown to be prohibited or notified, because redemption under the Customs Act should have been considered instead. The matter was remitted for fresh adjudication on both valuation and confiscation issues in accordance with law. en-us Mon, 31 Jan 2000 00:00:00 +0530 Tue, 17 Aug 2010 13:18:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49761 Declared transaction value of imported second hand diesel engines could not be discarded and enhanced by comparison with similar or identical goods without first rejecting the declared value on legally sustainable grounds under the valuation framework; the recorded reasons were inadequate, so the enhancement could not stand and required fresh consideration. Absolute confiscation was also not justified where the goods were not shown to be prohibited or notified, because redemption under the Customs Act should have been considered instead. The matter was remitted for fresh adjudication on both valuation and confiscation issues in accordance with law. Case-Laws Customs Mon, 31 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49761