https://www.taxtmi.com/caselaws?id=787357 Market survey alone cannot justify enhancement of imported goods' assessable value unless the statutory valuation sequence under section 14 and Rule 7 is properly established with contemporaneous import data and comparability factors. A product retains its tariff classification by its essential character, so a walking stick with an incidental torch feature remained classifiable under CTI 6602 0000 and was not treated as a luminaire under CTI 9405 4900. Once valuation enhancement and reclassification failed, the associated confiscation, redemption fine and penalties under the Customs Act could not survive, and the BIS-based objection linked to the rejected heading also fell away. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 03 Mar 2026 08:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787357 Market survey alone cannot justify enhancement of imported goods' assessable value unless the statutory valuation sequence under section 14 and Rule 7 is properly established with contemporaneous import data and comparability factors. A product retains its tariff classification by its essential character, so a walking stick with an incidental torch feature remained classifiable under CTI 6602 0000 and was not treated as a luminaire under CTI 9405 4900. Once valuation enhancement and reclassification failed, the associated confiscation, redemption fine and penalties under the Customs Act could not survive, and the BIS-based objection linked to the rejected heading also fell away. Case-Laws Customs Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787357