Imported fabric thickness discrepancy leads contemporaneous imports to fix value at US$1.80/m; duties, confiscation and penalties upheld

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....Whether transaction value must be fixed by contemporaneous imports when declared goods differ in specification; the officer reasonably doubted the invoice value because declared thickness (0.62 mm) differed from measured thickness (0.740.81 mm), and contemporaneous identical imports recorded US$1.80 and US$1.85 per metre, so valuation under Rule 4 was fixed at the lower US$1.80/m and assessable value, differential duty and penalty were re-determined accordingly. Whether mis-declaration justified confiscation, redemption fine and director penalty; import was found mis-declared, the modest redemption fine and director penalty were considered appropriate and those measures were upheld by the tribunal.....