https://www.taxtmi.com/caselaws?id=797358 Import value re-determination must comply with the Customs Valuation Rules, 2007 and rely on comparable contemporaneous imports rather than departmental internal instructions or the highest available value. Comparable lower-value imports require consideration, with the lowest value of similar contemporaneous goods forming the basis for reassessment. Excess quantity and minor thickness variations may attract confiscation where examination identifies a contravention. However, where test results substantially match the declared GSM range and no intent to evade duty is established, redemption fine and penalty should be proportionate to the limited infraction and recalculated using the re-determined assessable value. en-us Thu, 06 Aug 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797358 Import value re-determination must comply with the Customs Valuation Rules, 2007 and rely on comparable contemporaneous imports rather than departmental internal instructions or the highest available value. Comparable lower-value imports require consideration, with the lowest value of similar contemporaneous goods forming the basis for reassessment. Excess quantity and minor thickness variations may attract confiscation where examination identifies a contravention. However, where test results substantially match the declared GSM range and no intent to evade duty is established, redemption fine and penalty should be proportionate to the limited infraction and recalculated using the re-determined assessable value. Case-Laws Customs Thu, 06 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797358