https://www.taxtmi.com/caselaws?id=786052 Customs valuation must be determined under the Customs Act and Valuation Rules by assessing declared transaction value; DGFT minimum import price operates separately to regulate import permissibility. If the transaction value is correctly declared but below the DGFT threshold, the customs officer may accept the declared value for duty assessment and still invoke DGFT penalties for breach of import policy. Where the authority enhanced the assessable value to meet DGFT policy conditions without findings of misdeclaration, and the importer did not contest that enhancement, the goods become compliant and penal measures including confiscation and fines lose effect. en-us Wed, 04 Feb 2026 00:00:00 +0530 Thu, 05 Feb 2026 09:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786052 Customs valuation must be determined under the Customs Act and Valuation Rules by assessing declared transaction value; DGFT minimum import price operates separately to regulate import permissibility. If the transaction value is correctly declared but below the DGFT threshold, the customs officer may accept the declared value for duty assessment and still invoke DGFT penalties for breach of import policy. Where the authority enhanced the assessable value to meet DGFT policy conditions without findings of misdeclaration, and the importer did not contest that enhancement, the goods become compliant and penal measures including confiscation and fines lose effect. Case-Laws Customs Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786052