https://www.taxtmi.com/caselaws?id=788716 Declared import value may be rejected under Rule 12 of the Customs Valuation Rules where the proper officer has reason to doubt its truth or accuracy, and valuation may then proceed sequentially on the basis of similar goods; the forged buyer's consent letter supplied sufficient doubt, so the revised assessable value was upheld. A proprietary concern has no separate legal existence from its proprietor, so a distinct penalty on the concern amounted to duplication in substance and could not survive; that separate penalty was set aside, while the valuation findings were sustained. en-us Wed, 11 Mar 2026 00:00:00 +0530 Fri, 27 Mar 2026 08:52:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788716 Declared import value may be rejected under Rule 12 of the Customs Valuation Rules where the proper officer has reason to doubt its truth or accuracy, and valuation may then proceed sequentially on the basis of similar goods; the forged buyer's consent letter supplied sufficient doubt, so the revised assessable value was upheld. A proprietary concern has no separate legal existence from its proprietor, so a distinct penalty on the concern amounted to duplication in substance and could not survive; that separate penalty was set aside, while the valuation findings were sustained. Case-Laws Customs Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788716