https://www.taxtmi.com/caselaws?id=85535 Imported replacement picture tubes remained dutiable under the ordinary scheme of assessment and valuation under the Customs Act, 1962; sections 12 and 14 provided no exception merely because the goods were supplied as substitutes for earlier duty-paid parts, so duty was upheld. The confiscation was left undisturbed, but the redemption fine was found excessive and reduced, and the penalty was deleted, substantially limiting the monetary burden on the assessee. en-us Thu, 18 Jul 1996 00:00:00 +0530 Fri, 05 Aug 2011 16:47:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85535 Imported replacement picture tubes remained dutiable under the ordinary scheme of assessment and valuation under the Customs Act, 1962; sections 12 and 14 provided no exception merely because the goods were supplied as substitutes for earlier duty-paid parts, so duty was upheld. The confiscation was left undisturbed, but the redemption fine was found excessive and reduced, and the penalty was deleted, substantially limiting the monetary burden on the assessee. Case-Laws Customs Thu, 18 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85535