https://www.taxtmi.com/caselaws?id=75466 The Tribunal set aside the impugned order upholding the confiscation, redemption fine, and penalty related to the seizure of imported polyester yarn. The case was remanded to the original adjudicating authority to reconsider the duty liability based on the market value of Rs. 95/- per kg, leading to potential reductions in the redemption fine and penalty imposed on the appellant. The Tribunal emphasized the importance of considering market value as the cum-duty price for charging duty and redemption fine, directing a fresh assessment based on this valuation. en-us Mon, 08 Jun 2009 00:00:00 +0530 Sun, 18 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75466 The Tribunal set aside the impugned order upholding the confiscation, redemption fine, and penalty related to the seizure of imported polyester yarn. The case was remanded to the original adjudicating authority to reconsider the duty liability based on the market value of Rs. 95/- per kg, leading to potential reductions in the redemption fine and penalty imposed on the appellant. The Tribunal emphasized the importance of considering market value as the cum-duty price for charging duty and redemption fine, directing a fresh assessment based on this valuation. Case-Laws Customs Mon, 08 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75466