https://www.taxtmi.com/caselaws?id=54413 In finalisation of provisional assessment, customs valuation may be enhanced by relying on contemporaneous imports, comparable goods, and other relevant material where the declared value is unsupported by purchase orders, contract notes, or the manufacturers' invoice. On that basis, the assessable value was confirmed. However, although the valuation enhancement was sustained, confiscation-related fine and penalty were not maintained merely because the assessment was finalised upward; those penal consequences were set aside. en-us Fri, 24 Jun 2005 00:00:00 +0530 Wed, 20 Oct 2010 09:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54413 In finalisation of provisional assessment, customs valuation may be enhanced by relying on contemporaneous imports, comparable goods, and other relevant material where the declared value is unsupported by purchase orders, contract notes, or the manufacturers' invoice. On that basis, the assessable value was confirmed. However, although the valuation enhancement was sustained, confiscation-related fine and penalty were not maintained merely because the assessment was finalised upward; those penal consequences were set aside. Case-Laws Customs Fri, 24 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54413