https://www.taxtmi.com/caselaws?id=87918 The Tribunal upheld the Commissioner's assessment of the consignment value under Customs Valuation Rules despite discrepancies, emphasizing compliance with valuation procedures. The confiscation of goods for licensing violations was justified, with the Tribunal reducing the redemption fine and penalty amounts. The penalty imposed under the Customs Act was reduced considering the violations. The appeal was partially allowed, emphasizing adherence to licensing requirements and accurate valuation declarations in customs matters. en-us Fri, 26 Dec 1997 00:00:00 +0530 Tue, 13 Sep 2011 17:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87918 The Tribunal upheld the Commissioner's assessment of the consignment value under Customs Valuation Rules despite discrepancies, emphasizing compliance with valuation procedures. The confiscation of goods for licensing violations was justified, with the Tribunal reducing the redemption fine and penalty amounts. The penalty imposed under the Customs Act was reduced considering the violations. The appeal was partially allowed, emphasizing adherence to licensing requirements and accurate valuation declarations in customs matters. Case-Laws Customs Fri, 26 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87918