https://www.taxtmi.com/caselaws?id=80497 The Tribunal adjusted the assessable values of imported goods due to mis-declaration of value, reducing the fine and penalty imposed on the appellants for non-coverage of goods under Open General License (OGL) or submitted licenses. The Tribunal found discrepancies in the declared values compared to actual values, allowing a deduction from the assessable value. While confirming that the goods were not covered under OGL, the Tribunal considered past clearances and reduced the financial penalties imposed on the appellants. The appeal was rejected, with the revenue authorities instructed to implement the Tribunal's decision. en-us Wed, 14 Feb 1990 00:00:00 +0530 Fri, 17 Jun 2011 12:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80497 The Tribunal adjusted the assessable values of imported goods due to mis-declaration of value, reducing the fine and penalty imposed on the appellants for non-coverage of goods under Open General License (OGL) or submitted licenses. The Tribunal found discrepancies in the declared values compared to actual values, allowing a deduction from the assessable value. While confirming that the goods were not covered under OGL, the Tribunal considered past clearances and reduced the financial penalties imposed on the appellants. The appeal was rejected, with the revenue authorities instructed to implement the Tribunal's decision. Case-Laws Customs Wed, 14 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80497