https://www.taxtmi.com/caselaws?id=53559 Customs valuation of an imported car may be rejected where the declared transaction value is shown to be an abnormal discount from the ordinary competitive price, allowing the authorities to adopt a higher assessable value. However, confiscation for misdeclaration requires independent proof of culpable conduct, and mere undervaluation without evidence of extra payment or suppression is insufficient. On that basis, the valuation was upheld, but the confiscation, redemption fine, and penalty were not sustained, giving the importer partial relief. en-us Wed, 06 Oct 2004 00:00:00 +0530 Wed, 13 Oct 2010 18:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53559 Customs valuation of an imported car may be rejected where the declared transaction value is shown to be an abnormal discount from the ordinary competitive price, allowing the authorities to adopt a higher assessable value. However, confiscation for misdeclaration requires independent proof of culpable conduct, and mere undervaluation without evidence of extra payment or suppression is insufficient. On that basis, the valuation was upheld, but the confiscation, redemption fine, and penalty were not sustained, giving the importer partial relief. Case-Laws Customs Wed, 06 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53559