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2017 (1) TMI 689 - AT - Customs100% EOU - technical collaboration agreement - mis-declaration of goods - undervaluation - suppression of facts - confiscation - penalty - Held that: - the learned Commissioner has correctly valued the imported goods on the basis of various rules of valuation as contained in Customs Valuation Rules and he has also come to the conclusion that the method adopted by the Chartered Engineer was fair and reasonable and has taken into consideration all the relevant factors. Further with regard to the intention of the importer to mis-declare the value of the goods, the evidence which has come clearly shows that he has an intention to mis-declare the value and has not rightly declared the value of the imported products - impugned order upheld - appeal dismissed - decided against appellant.
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