https://www.taxtmi.com/caselaws?id=790824 Reassessment of imported second-hand cranes after clearance must rest on legally sustainable rejection of declared value and follow the sequential valuation scheme; internet prices, industry estimates, or broad thumb rules are insufficient without corroborated evidence of actual transaction value. Confiscation, redemption fine, and penalties require proof of statutory misdeclaration or other admissible evidence, and cannot be sustained merely because a higher notional value is proposed. Duty demands for consignments beyond the statutory limitation period are barred, and voluntary deposits cannot be adjusted against non-sustainable time-barred recoveries. The commentary emphasises that reassessment, confiscation, penalty, and recovery must each satisfy the Customs Act's evidentiary and limitation requirements. en-us Tue, 28 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790824 Reassessment of imported second-hand cranes after clearance must rest on legally sustainable rejection of declared value and follow the sequential valuation scheme; internet prices, industry estimates, or broad thumb rules are insufficient without corroborated evidence of actual transaction value. Confiscation, redemption fine, and penalties require proof of statutory misdeclaration or other admissible evidence, and cannot be sustained merely because a higher notional value is proposed. Duty demands for consignments beyond the statutory limitation period are barred, and voluntary deposits cannot be adjusted against non-sustainable time-barred recoveries. The commentary emphasises that reassessment, confiscation, penalty, and recovery must each satisfy the Customs Act's evidentiary and limitation requirements. Case-Laws Customs Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790824