https://www.taxtmi.com/caselaws?id=798074 Customs valuation must disclose the method and basis used to redetermine the value of imported goods, because valuation underpins duty, interest, fine and penalties. Where that basis is absent, the valuation and resulting liabilities require fresh determination after a reasonable opportunity of hearing and a speaking decision. Permission to re-export goods imported contrary to statutory prohibition does not remove their confiscability or preclude redemption fine. Confiscation and redemption operate separately: prohibited goods remain liable to confiscation, and re-export may be permitted after redemption within the statutory framework. en-us Tue, 13 Jan 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798074 Customs valuation must disclose the method and basis used to redetermine the value of imported goods, because valuation underpins duty, interest, fine and penalties. Where that basis is absent, the valuation and resulting liabilities require fresh determination after a reasonable opportunity of hearing and a speaking decision. Permission to re-export goods imported contrary to statutory prohibition does not remove their confiscability or preclude redemption fine. Confiscation and redemption operate separately: prohibited goods remain liable to confiscation, and re-export may be permitted after redemption within the statutory framework. Case-Laws Customs Tue, 13 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798074