https://www.taxtmi.com/caselaws?id=795320 Customs duty demands relating to provisionally assessed imports cannot be pursued through a show-cause notice before lawful finalisation and duty adjustment by the competent proper officer. Enhanced valuation of PVC profiles should not rely on values of different goods imported in another period where crude-oil-based raw-material prices fluctuate. For four identified imports, recovered invoices, financial records and admissions supported rejection of declared transaction values and differential duty. Redemption fine and penalty require objective calibration based on market value and profit margin; the notes apply a benchmark of 10% fine and 5% penalty on enhanced value. en-us Tue, 14 Jul 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795320 Customs duty demands relating to provisionally assessed imports cannot be pursued through a show-cause notice before lawful finalisation and duty adjustment by the competent proper officer. Enhanced valuation of PVC profiles should not rely on values of different goods imported in another period where crude-oil-based raw-material prices fluctuate. For four identified imports, recovered invoices, financial records and admissions supported rejection of declared transaction values and differential duty. Redemption fine and penalty require objective calibration based on market value and profit margin; the notes apply a benchmark of 10% fine and 5% penalty on enhanced value. Case-Laws Customs Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795320