https://www.taxtmi.com/caselaws?id=53832 Declared transaction value could not be rejected without cogent evidence of contemporaneous imports of identical or similar goods at the relevant commercial level, and the Revenue failed to discharge that burden. The imported goods were upheld as door locks because the supplier's catalogue and supporting certificates confirmed that description, while the Revenue produced no reliable physical or comparable evidence to prove they were cylindrical locks. As the alleged misdeclaration and undervaluation were not established, confiscation, value enhancement, and penalty could not be sustained. en-us Mon, 07 Feb 2005 00:00:00 +0530 Wed, 15 May 2024 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53832 Declared transaction value could not be rejected without cogent evidence of contemporaneous imports of identical or similar goods at the relevant commercial level, and the Revenue failed to discharge that burden. The imported goods were upheld as door locks because the supplier's catalogue and supporting certificates confirmed that description, while the Revenue produced no reliable physical or comparable evidence to prove they were cylindrical locks. As the alleged misdeclaration and undervaluation were not established, confiscation, value enhancement, and penalty could not be sustained. Case-Laws Central Excise Mon, 07 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53832