https://www.taxtmi.com/caselaws?id=101146 The tribunal upheld the order confiscating imported goods declared as camera parts but found to be complete cameras in SKD condition, imposing a penalty of Rs. 4 lakhs under Section 112 of the Customs Act. The tribunal also increased the assessable value of the goods based on comparable goods' valuation, rejecting the appellant's arguments. Despite acknowledging the delay in issuing the order, the tribunal reduced the fine and penalty to Rs. 1 lakh each due to excessive original amounts. The appeal was disposed of with modified penalty amounts. en-us Mon, 28 Jan 2002 00:00:00 +0530 Wed, 08 Feb 2012 17:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101146 The tribunal upheld the order confiscating imported goods declared as camera parts but found to be complete cameras in SKD condition, imposing a penalty of Rs. 4 lakhs under Section 112 of the Customs Act. The tribunal also increased the assessable value of the goods based on comparable goods' valuation, rejecting the appellant's arguments. Despite acknowledging the delay in issuing the order, the tribunal reduced the fine and penalty to Rs. 1 lakh each due to excessive original amounts. The appeal was disposed of with modified penalty amounts. Case-Laws Customs Mon, 28 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101146