https://www.taxtmi.com/caselaws?id=786705 Re-determination of transaction value was upheld where conflicting commercial invoices created reasonable doubt, permitting rejection of declared value under the Valuation Rules and reassessment under the applicable valuation provision; the assessment was finalised accordingly. Confiscation and redemption fines were set aside because confiscation for manifest omissions applies only to IGM omissions and not importer mis-declarations, and mismatch-based confiscation requires foundation in a Bill of Entry. Reassessment demands based on statements alone were set aside. Penalties tied to cancelled confiscation/demands were quashed or reduced, while penalty for use of a fabricated invoice was partially confirmed and mitigated. en-us Tue, 17 Feb 2026 00:00:00 +0530 Tue, 17 Feb 2026 15:52:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786705 Re-determination of transaction value was upheld where conflicting commercial invoices created reasonable doubt, permitting rejection of declared value under the Valuation Rules and reassessment under the applicable valuation provision; the assessment was finalised accordingly. Confiscation and redemption fines were set aside because confiscation for manifest omissions applies only to IGM omissions and not importer mis-declarations, and mismatch-based confiscation requires foundation in a Bill of Entry. Reassessment demands based on statements alone were set aside. Penalties tied to cancelled confiscation/demands were quashed or reduced, while penalty for use of a fabricated invoice was partially confirmed and mitigated. Case-Laws Customs Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786705