https://www.taxtmi.com/caselaws?id=799022 Imported fish meal cannot be treated as finished goods where technical reports record coarse powder with scales and bone-like fibres, and BIS specifications do not conclusively establish finished or semi-finished status. An adverse inference for non-production of laboratory records is unsustainable where those records were seized and requested by the importer. Declared transaction value requires reliable evidence of consideration exceeding the invoice value before enhancement. Residual valuation cannot be used after bypassing the sequential valuation framework: available contemporaneous imports must be identified, assessed for comparability, and excluded only for recorded reasons. Without those elements, consequential duty, interest, confiscation, redemption fine and penalties lack a sustainable basis. en-us Wed, 24 Jun 2026 00:00:00 +0530 Wed, 16 Sep 2026 08:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799022 Imported fish meal cannot be treated as finished goods where technical reports record coarse powder with scales and bone-like fibres, and BIS specifications do not conclusively establish finished or semi-finished status. An adverse inference for non-production of laboratory records is unsustainable where those records were seized and requested by the importer. Declared transaction value requires reliable evidence of consideration exceeding the invoice value before enhancement. Residual valuation cannot be used after bypassing the sequential valuation framework: available contemporaneous imports must be identified, assessed for comparability, and excluded only for recorded reasons. Without those elements, consequential duty, interest, confiscation, redemption fine and penalties lack a sustainable basis. Case-Laws Customs Wed, 24 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799022