https://www.taxtmi.com/caselaws?id=50113 Transaction value must be accepted unless the department proves a valid statutory ground for rejection; in the absence of evidence of special relationship or any payment over invoice price, under-invoicing and under-valuation could not be sustained. Confiscation under Section 111(m) failed once valuation was accepted, but confiscation under Section 111(d) was upheld because the goods were treated as consumer goods imported without the required licence. The reduction of redemption fine was left undisturbed, and the penalty under Section 112 was not restored because deliberate, dishonest, or contumacious conduct had not been established. en-us Tue, 05 Dec 2000 00:00:00 +0530 Thu, 19 Aug 2010 17:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50113 Transaction value must be accepted unless the department proves a valid statutory ground for rejection; in the absence of evidence of special relationship or any payment over invoice price, under-invoicing and under-valuation could not be sustained. Confiscation under Section 111(m) failed once valuation was accepted, but confiscation under Section 111(d) was upheld because the goods were treated as consumer goods imported without the required licence. The reduction of redemption fine was left undisturbed, and the penalty under Section 112 was not restored because deliberate, dishonest, or contumacious conduct had not been established. Case-Laws Customs Tue, 05 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50113