https://www.taxtmi.com/caselaws?id=788628 Imported stainless steel strips in coil form were held not to fall within the notified BIS quality-control regime on the material described, so confiscation under the Customs Act for alleged certification non-compliance was unsustainable. The tribunal also found no reliable basis for a deliberate misdeclaration, rejected the chartered engineer's report as insufficient for characterising or valuing the goods, and held that the declared transaction value could not be displaced because the customs valuation sequence was not properly followed. With the BIS, misdeclaration, and valuation findings failing, the confiscation and penalty orders also fell. en-us Thu, 08 Jan 2026 00:00:00 +0530 Thu, 26 Mar 2026 09:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788628 Imported stainless steel strips in coil form were held not to fall within the notified BIS quality-control regime on the material described, so confiscation under the Customs Act for alleged certification non-compliance was unsustainable. The tribunal also found no reliable basis for a deliberate misdeclaration, rejected the chartered engineer's report as insufficient for characterising or valuing the goods, and held that the declared transaction value could not be displaced because the customs valuation sequence was not properly followed. With the BIS, misdeclaration, and valuation findings failing, the confiscation and penalty orders also fell. Case-Laws Customs Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788628