https://www.taxtmi.com/caselaws?id=50704 The note discusses customs classification, misdeclaration, confiscation, penalty and valuation for imported metal scrap. It states that differential duty arose only for consignments found to fall under a different tariff heading, while other aluminium scrap consignments were treated as scrap/second-hand goods with no further duty liability. It also notes that misdeclaration was not established for the aluminium scrap consignments, but confiscation and reduced penalty were sustained for a consignment where copper scrap was found with aluminium scrap. On valuation, declared transaction value must generally be accepted unless a recognised exception applies, and LME quotations alone are insufficient to reject it without corroboration. en-us Fri, 13 Jul 2001 00:00:00 +0530 Wed, 25 Aug 2010 15:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50704 The note discusses customs classification, misdeclaration, confiscation, penalty and valuation for imported metal scrap. It states that differential duty arose only for consignments found to fall under a different tariff heading, while other aluminium scrap consignments were treated as scrap/second-hand goods with no further duty liability. It also notes that misdeclaration was not established for the aluminium scrap consignments, but confiscation and reduced penalty were sustained for a consignment where copper scrap was found with aluminium scrap. On valuation, declared transaction value must generally be accepted unless a recognised exception applies, and LME quotations alone are insufficient to reject it without corroboration. Case-Laws Customs Fri, 13 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50704