https://www.taxtmi.com/caselaws?id=54516 Enhanced customs valuation based on contemporaneous imports cannot be sustained unless the relied-upon Bills of Entry are produced and the identity of the compared goods is established. On that basis, the duty demand founded on enhanced value was set aside. Misdeclaration of the goods was separately found to be proved, so penalty remained leviable in principle, but it was confined to that limited default and reduced accordingly. The decision states the ratio that comparable import evidence must be verifiable and that penalty may survive even where the valuation-based demand fails. en-us Mon, 30 May 2005 00:00:00 +0530 Thu, 02 May 2024 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54516 Enhanced customs valuation based on contemporaneous imports cannot be sustained unless the relied-upon Bills of Entry are produced and the identity of the compared goods is established. On that basis, the duty demand founded on enhanced value was set aside. Misdeclaration of the goods was separately found to be proved, so penalty remained leviable in principle, but it was confined to that limited default and reduced accordingly. The decision states the ratio that comparable import evidence must be verifiable and that penalty may survive even where the valuation-based demand fails. Case-Laws Customs Mon, 30 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54516