https://www.taxtmi.com/caselaws?id=101367 The Tribunal determined that the imported blank video cassettes were correctly classified under 85239003.90 instead of 85239003.20 due to their inability to be used for recording in S-VHS VCRs. The valuation was finalized at the declared invoice price of US $0.60. Special Additional Duty was affirmed, and penalties were adjusted, with the redemption fine reduced to Rs. 50,000 and penalties lowered for individuals involved. The confiscation and penalty order were upheld, emphasizing compliance with legal standards in the reassessment. en-us Fri, 25 Jan 2002 00:00:00 +0530 Thu, 09 Feb 2012 15:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101367 The Tribunal determined that the imported blank video cassettes were correctly classified under 85239003.90 instead of 85239003.20 due to their inability to be used for recording in S-VHS VCRs. The valuation was finalized at the declared invoice price of US $0.60. Special Additional Duty was affirmed, and penalties were adjusted, with the redemption fine reduced to Rs. 50,000 and penalties lowered for individuals involved. The confiscation and penalty order were upheld, emphasizing compliance with legal standards in the reassessment. Case-Laws Customs Fri, 25 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101367