https://www.taxtmi.com/caselaws?id=98074 The Appellate Tribunal CEGAT, New Delhi upheld the lower valuation of imported rough synthetic emeralds by the Commissioner of Customs and Central Excise, Jaipur, leading to confiscation of the goods under the Customs Act. The appellant's arguments against the valuation were rejected, and the Tribunal confirmed the duty demand, confiscation, and redemption fine while reducing the personal penalty imposed from Rs. 1 lakh to Rs. 25,000. en-us Mon, 23 Aug 1999 00:00:00 +0530 Thu, 19 Jan 2012 11:07:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98074 The Appellate Tribunal CEGAT, New Delhi upheld the lower valuation of imported rough synthetic emeralds by the Commissioner of Customs and Central Excise, Jaipur, leading to confiscation of the goods under the Customs Act. The appellant's arguments against the valuation were rejected, and the Tribunal confirmed the duty demand, confiscation, and redemption fine while reducing the personal penalty imposed from Rs. 1 lakh to Rs. 25,000. Case-Laws Customs Mon, 23 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98074