https://www.taxtmi.com/caselaws?id=51383 Declared transaction value under the customs valuation rules cannot be rejected unless the Department first shows that the case falls within a recognised exception to acceptance of transaction value and supports departure with reliable evidence, including contemporaneous comparable imports where relevant. The text also notes that confiscation, redemption fine and penalty require proof of deliberate misdeclaration or suppression; a mere technical dispute over description, grade or quality is insufficient. Where the valuation enhancement fails and misdeclaration is not established, the basis for confiscatory and penal consequences also falls away. en-us Tue, 18 Jun 2002 00:00:00 +0530 Fri, 24 Sep 2010 14:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51383 Declared transaction value under the customs valuation rules cannot be rejected unless the Department first shows that the case falls within a recognised exception to acceptance of transaction value and supports departure with reliable evidence, including contemporaneous comparable imports where relevant. The text also notes that confiscation, redemption fine and penalty require proof of deliberate misdeclaration or suppression; a mere technical dispute over description, grade or quality is insufficient. Where the valuation enhancement fails and misdeclaration is not established, the basis for confiscatory and penal consequences also falls away. Case-Laws Customs Tue, 18 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51383