https://www.taxtmi.com/caselaws?id=793468 Where part of the import price is paid outside the declared invoice trail and the evidence includes supplementary invoices and an un-retracted voluntary statement, customs authorities may treat the actual price paid or payable as the transaction value under Section 14 and re-determine assessable value accordingly. The absence of contemporaneous comparable imports does not defeat the demand if the record already establishes undervaluation and suppression of the true value. On that evidentiary basis, consequential penalties on the importing company under Section 114A and on its Director under Section 112(b) were sustained. en-us Mon, 15 Jun 2026 00:00:00 +0530 Wed, 17 Jun 2026 07:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793468 Where part of the import price is paid outside the declared invoice trail and the evidence includes supplementary invoices and an un-retracted voluntary statement, customs authorities may treat the actual price paid or payable as the transaction value under Section 14 and re-determine assessable value accordingly. The absence of contemporaneous comparable imports does not defeat the demand if the record already establishes undervaluation and suppression of the true value. On that evidentiary basis, consequential penalties on the importing company under Section 114A and on its Director under Section 112(b) were sustained. Case-Laws Customs Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793468