https://www.taxtmi.com/caselaws?id=84127 The Tribunal affirmed the classification of Acrylic waste/Synthetic waste under Tariff Item 18-IV for countervailing duty, rejecting the Department's classification as Acrylic Fibre. It upheld the invoice value for valuation, justified confiscation and penalties for misdeclaration, and reduced redemption fines to 5% of CIF value while significantly lowering penalties. Despite arguments for reconsideration, the Tribunal maintained its decision, disposing of all appeals based on legal precedents and individual case circumstances. en-us Fri, 10 Mar 1995 00:00:00 +0530 Tue, 19 Jul 2011 18:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84127 The Tribunal affirmed the classification of Acrylic waste/Synthetic waste under Tariff Item 18-IV for countervailing duty, rejecting the Department's classification as Acrylic Fibre. It upheld the invoice value for valuation, justified confiscation and penalties for misdeclaration, and reduced redemption fines to 5% of CIF value while significantly lowering penalties. Despite arguments for reconsideration, the Tribunal maintained its decision, disposing of all appeals based on legal precedents and individual case circumstances. Case-Laws Customs Fri, 10 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84127