https://www.taxtmi.com/caselaws?id=106267 The Tribunal set aside the redemption fine and penalty imposed by the Commissioner, emphasizing that penalties should not be imposed when a valid import license is produced before the clearance of goods. The matter was remanded for de novo consideration of valuation, providing the importer with an opportunity to contest the assessment. The Tribunal highlighted the need for a fair and just assessment process, ensuring the importer's right to challenge the valuation of goods. en-us Mon, 22 Apr 2002 00:00:00 +0530 Tue, 13 Mar 2012 14:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106267 The Tribunal set aside the redemption fine and penalty imposed by the Commissioner, emphasizing that penalties should not be imposed when a valid import license is produced before the clearance of goods. The matter was remanded for de novo consideration of valuation, providing the importer with an opportunity to contest the assessment. The Tribunal highlighted the need for a fair and just assessment process, ensuring the importer's right to challenge the valuation of goods. Case-Laws Customs Mon, 22 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106267