Enhancement of imported goods invoking rule 8 of Customs Valuation Rules without any evidence is unjustified

Commissioner of Customs (Imports) Vs Ganpati Overseas (Supreme Court of India) Supreme Court held that enhancing the price of imported goods by invoking rule 8 of the Customs Valuation Rules without any evidence is unjustified and bad-in-law. Facts- Show cause notice was issued to M/s. Ganpati Overseas demanding differential customs duty of Rs. 1,07,41,419/- alleging willful mis-declaration/ under valuation and suppression of correct value of imported goods. Holding that the export declarations reflected the true transaction value which was misdeclared by the importer to evade customs duty, th...