https://www.taxtmi.com/caselaws?id=50704 Declared transaction value must be accepted unless a recognised exception permits its rejection; LME quotations alone cannot displace it without corroborative material. Accordingly, aluminium scrap imports retained their declared value, while departmental valuation applied to copper scrap where no transaction value was available. Differential duty arose only for two consignments admitted under a different tariff heading; remaining goods were aluminium scrap or old, second-hand rims. Invoice-based declarations of aluminium scrap warranted benefit of doubt, removing confiscation and penalties for the related imports and individuals. Copper scrap mixed with aluminium scrap remained confiscable, with reduced redemption fine and penalty. 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 Declared transaction value must be accepted unless a recognised exception permits its rejection; LME quotations alone cannot displace it without corroborative material. Accordingly, aluminium scrap imports retained their declared value, while departmental valuation applied to copper scrap where no transaction value was available. Differential duty arose only for two consignments admitted under a different tariff heading; remaining goods were aluminium scrap or old, second-hand rims. Invoice-based declarations of aluminium scrap warranted benefit of doubt, removing confiscation and penalties for the related imports and individuals. Copper scrap mixed with aluminium scrap remained confiscable, with reduced redemption fine and penalty. Case-Laws Customs Fri, 13 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50704