https://www.taxtmi.com/caselaws?id=790452 Customs valuation demands based on alleged undervaluation require reliable evidence to reject the declared transaction value. An unverified mobile-phone note was insufficient where it did not match the imported goods' specifications or quantities and electronic-record admissibility requirements were not established. Contemporaneous imports also could not support revaluation because they were not commercially comparable in grade, thickness, width, and other characteristics. The declared value was therefore accepted. Extended limitation was unavailable because the notice relied on import documents and mill test certificates already disclosed, without establishing suppression, collusion, or wilful misdeclaration. The resulting duty, confiscation, interest, and penalty consequences could not be sustained. en-us Thu, 23 Apr 2026 00:00:00 +0530 Sat, 25 Apr 2026 08:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790452 Customs valuation demands based on alleged undervaluation require reliable evidence to reject the declared transaction value. An unverified mobile-phone note was insufficient where it did not match the imported goods' specifications or quantities and electronic-record admissibility requirements were not established. Contemporaneous imports also could not support revaluation because they were not commercially comparable in grade, thickness, width, and other characteristics. The declared value was therefore accepted. Extended limitation was unavailable because the notice relied on import documents and mill test certificates already disclosed, without establishing suppression, collusion, or wilful misdeclaration. The resulting duty, confiscation, interest, and penalty consequences could not be sustained. Case-Laws Customs Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790452