https://www.taxtmi.com/caselaws?id=793023 Declared transaction value in a composite EPC import contract was accepted where the imports were awarded through international competitive bidding to the lowest bidder and the related-party relationship was found not to have influenced price. Material relied on to allege over-valuation was disregarded for want of admissible proof under section 138C(4), and earlier final findings from the same investigation were followed. Once the declared value stood, confiscation under section 111(m) could not be sustained, and penalties under sections 112(a) and 114AA also failed because no misdeclaration or false declaration survived. en-us Fri, 05 Jun 2026 00:00:00 +0530 Mon, 08 Jun 2026 08:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793023 Declared transaction value in a composite EPC import contract was accepted where the imports were awarded through international competitive bidding to the lowest bidder and the related-party relationship was found not to have influenced price. Material relied on to allege over-valuation was disregarded for want of admissible proof under section 138C(4), and earlier final findings from the same investigation were followed. Once the declared value stood, confiscation under section 111(m) could not be sustained, and penalties under sections 112(a) and 114AA also failed because no misdeclaration or false declaration survived. Case-Laws Customs Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793023