https://www.taxtmi.com/caselaws?id=89664 The Tribunal set aside the order enhancing the value of imported goods by Customs authorities, ruling in favor of the appellants. The confiscation of goods and penalty imposition were overturned as the declared price was lower than the one on record, and no evidence of fraudulent transactions or extra remittance was presented. The debiting of the import license by the enhanced value was deemed unjustified, and the Customs Valuation Rules were applied to support the appellants' position, allowing both appeals. en-us Fri, 04 Dec 1998 00:00:00 +0530 Wed, 28 Sep 2011 18:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89664 The Tribunal set aside the order enhancing the value of imported goods by Customs authorities, ruling in favor of the appellants. The confiscation of goods and penalty imposition were overturned as the declared price was lower than the one on record, and no evidence of fraudulent transactions or extra remittance was presented. The debiting of the import license by the enhanced value was deemed unjustified, and the Customs Valuation Rules were applied to support the appellants' position, allowing both appeals. Case-Laws Customs Fri, 04 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89664