Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed value.

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....Customs valuation of imported polyurethane-coated polyester water-resistant fabrics must be redetermined under the Customs Valuation Rules, 2007 using comparable contemporary imports rather than an internal departmental instruction or the highest available comparable value. Bills of Entry submitted by the importer should be considered, with the lowest value of similar contemporary imports forming the basis for reassessment. Excess quantity and minor declaration variations may render goods liable to confiscation, even where thickness variations fall within the declared GSM range and no intent to evade duty is established. Redemption fine and penalty must remain proportionate to the importer's involvement and be recalculated by reference to the redetermined value.....