https://www.taxtmi.com/caselaws?id=52089 Rejection of transaction value requires genuinely comparable contemporaneous imports, and the cited Bank of America import and Data Source price list were not reliable comparables because the goods, quantities, configurations, sourcing conditions, and commercial terms differed. Market price variation, without more, was insufficient to justify loading the declared value. Confiscation for alleged import policy violation and misdeclaration as new goods also depended on proof, but the record did not establish non-compliance with the policy or that the printers were old and used. The commentary states that, where undervaluation and misdeclaration are not proved by reliable evidence, valuation enhancement and confiscation cannot be sustained. en-us Tue, 14 Oct 2003 00:00:00 +0530 Thu, 30 Sep 2010 16:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52089 Rejection of transaction value requires genuinely comparable contemporaneous imports, and the cited Bank of America import and Data Source price list were not reliable comparables because the goods, quantities, configurations, sourcing conditions, and commercial terms differed. Market price variation, without more, was insufficient to justify loading the declared value. Confiscation for alleged import policy violation and misdeclaration as new goods also depended on proof, but the record did not establish non-compliance with the policy or that the printers were old and used. The commentary states that, where undervaluation and misdeclaration are not proved by reliable evidence, valuation enhancement and confiscation cannot be sustained. Case-Laws Customs Tue, 14 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52089