https://www.taxtmi.com/caselaws?id=51653 Contemporaneous import data may be used to displace declared transaction value where it shows substantial variation and the importer offers no satisfactory explanation. The comparison was accepted generally for valuing the imported musical instruments, but not for Models PSS 14, PSS 16 and PSS 26 because material quantity differences undermined comparability, so enhancement was not sustained for those models. Misdeclaration of value and country of origin justified confiscation and penalty, although the monetary consequences were reduced on the facts. The governing principle is that valuation may rest on comparable imports, but specific differences can exclude individual models from that comparison. en-us Mon, 23 Dec 2002 00:00:00 +0530 Mon, 27 Sep 2010 13:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51653 Contemporaneous import data may be used to displace declared transaction value where it shows substantial variation and the importer offers no satisfactory explanation. The comparison was accepted generally for valuing the imported musical instruments, but not for Models PSS 14, PSS 16 and PSS 26 because material quantity differences undermined comparability, so enhancement was not sustained for those models. Misdeclaration of value and country of origin justified confiscation and penalty, although the monetary consequences were reduced on the facts. The governing principle is that valuation may rest on comparable imports, but specific differences can exclude individual models from that comparison. Case-Laws Customs Mon, 23 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51653