https://www.taxtmi.com/caselaws?id=54155 Old, used and rusted pipes declared as heavy melting scrap were held to be classifiable as pipes because scrap status depends on whether the goods are no longer usable for their former purpose, and no evidence showed they had ceased to be usable as pipes. Once misdeclaration was established, rejection of the declared transaction value and re-valuation on the basis of contemporaneous prices for similar goods were upheld. The same misdeclaration also supported confiscation and penalty under the Customs Act, with no ground found to interfere with the quantum of fines and penalties. en-us Tue, 29 Mar 2005 00:00:00 +0530 Mon, 18 Oct 2010 12:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54155 Old, used and rusted pipes declared as heavy melting scrap were held to be classifiable as pipes because scrap status depends on whether the goods are no longer usable for their former purpose, and no evidence showed they had ceased to be usable as pipes. Once misdeclaration was established, rejection of the declared transaction value and re-valuation on the basis of contemporaneous prices for similar goods were upheld. The same misdeclaration also supported confiscation and penalty under the Customs Act, with no ground found to interfere with the quantum of fines and penalties. Case-Laws Customs Tue, 29 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54155