https://www.taxtmi.com/caselaws?id=81253 The Tribunal modified penalties and fines imposed by the adjudicating authority in a case concerning the classification of imported goods as "rags" under the Import-Export Policy, 1988-91. The goods were upheld as rags but required compliance with mutilation norms. Valuation adjustments were made, and penalties reduced due to revised valuation and compliance issues. The appeal outcome resulted in reduced fines and penalties, emphasizing adherence to policy standards and valuation accuracy. en-us Wed, 06 Mar 1991 00:00:00 +0530 Thu, 23 Jun 2011 13:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81253 The Tribunal modified penalties and fines imposed by the adjudicating authority in a case concerning the classification of imported goods as "rags" under the Import-Export Policy, 1988-91. The goods were upheld as rags but required compliance with mutilation norms. Valuation adjustments were made, and penalties reduced due to revised valuation and compliance issues. The appeal outcome resulted in reduced fines and penalties, emphasizing adherence to policy standards and valuation accuracy. Case-Laws Customs Wed, 06 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81253