https://www.taxtmi.com/caselaws?id=99073 The Tribunal set aside the Order-in-Original by the Commissioner of Customs, Calcutta, in the case involving M/s. Tropical Agrosystem (India) Ltd. The tribunal found that the rejection of the declared value and imposition of the penalty were unjustified and illegal. The appellant's argument that the original value considered various factors not fully appreciated was upheld. The Tribunal deemed reliance on higher values of contemporaneous imports as inappropriate and illogical. The decision was based on the violation of natural justice principles and the improper assessment of the unique circumstances, leading to an incorrect valuation of the imported goods. en-us Mon, 17 Jul 2000 00:00:00 +0530 Wed, 25 Jan 2012 10:53:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99073 The Tribunal set aside the Order-in-Original by the Commissioner of Customs, Calcutta, in the case involving M/s. Tropical Agrosystem (India) Ltd. The tribunal found that the rejection of the declared value and imposition of the penalty were unjustified and illegal. The appellant's argument that the original value considered various factors not fully appreciated was upheld. The Tribunal deemed reliance on higher values of contemporaneous imports as inappropriate and illogical. The decision was based on the violation of natural justice principles and the improper assessment of the unique circumstances, leading to an incorrect valuation of the imported goods. Case-Laws Customs Mon, 17 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99073