https://www.taxtmi.com/caselaws?id=796731 Transaction value for imported Main PCB Boards may be rejected where the declared importer is merely a conduit, the declared price is not the sole consideration, and reliable contemporaneous imports establish a comparable value. Deliberate under-declaration, fabricated billing and diversion of goods to the actual domestic beneficiary support recovery of differential duty and interest under the extended period. Voluntary statements recorded under statutory summons powers, together with Bills of Entry and corroborative documents, may be relied upon without cross-examination where no investigative-officer statement is used. Knowing participation by the importer, representative, overseas supplier-controller and domestic beneficiary may justify confiscation consequences and penalties for undervaluation and abetment. en-us Thu, 06 Aug 2026 00:00:00 +0530 Mon, 10 Aug 2026 08:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796731 Transaction value for imported Main PCB Boards may be rejected where the declared importer is merely a conduit, the declared price is not the sole consideration, and reliable contemporaneous imports establish a comparable value. Deliberate under-declaration, fabricated billing and diversion of goods to the actual domestic beneficiary support recovery of differential duty and interest under the extended period. Voluntary statements recorded under statutory summons powers, together with Bills of Entry and corroborative documents, may be relied upon without cross-examination where no investigative-officer statement is used. Knowing participation by the importer, representative, overseas supplier-controller and domestic beneficiary may justify confiscation consequences and penalties for undervaluation and abetment. Case-Laws Customs Thu, 06 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796731