https://www.taxtmi.com/caselaws?id=52439 Misdeclaration of quantity in imported copper scrap was established where the excess quantity was admitted and the explanation of inadvertent shipment by the foreign supplier was rejected as unsupported. The declared transaction value could not be discarded merely on the basis of London Metal Exchange quotations; in the absence of corroborative evidence such as contemporaneous imports of identical goods at a higher price, enhancement was not justified. On that basis, redemption fine and penalties were reduced, and the penalty on the individual appellant was deleted. en-us Tue, 23 Dec 2003 00:00:00 +0530 Fri, 28 Jun 2024 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52439 Misdeclaration of quantity in imported copper scrap was established where the excess quantity was admitted and the explanation of inadvertent shipment by the foreign supplier was rejected as unsupported. The declared transaction value could not be discarded merely on the basis of London Metal Exchange quotations; in the absence of corroborative evidence such as contemporaneous imports of identical goods at a higher price, enhancement was not justified. On that basis, redemption fine and penalties were reduced, and the penalty on the individual appellant was deleted. Case-Laws Customs Tue, 23 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52439