https://www.taxtmi.com/caselaws?id=107177 The tribunal upheld the appellant's argument on the enhanced value of imported goods, rejecting the Commissioner's valuation and confirming the transactional value. The redemption fine and penalty imposed on the imported monitors were reduced by the tribunal, deeming the initial amounts excessive. The monitors were confiscated due to the absence of a valid import license for used monitors, with the tribunal upholding the confiscation under the Customs Act and emphasizing the necessity of import licenses for importing used goods under the EXIM Policy. en-us Thu, 02 Jan 2003 00:00:00 +0530 Mon, 19 Mar 2012 12:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107177 The tribunal upheld the appellant's argument on the enhanced value of imported goods, rejecting the Commissioner's valuation and confirming the transactional value. The redemption fine and penalty imposed on the imported monitors were reduced by the tribunal, deeming the initial amounts excessive. The monitors were confiscated due to the absence of a valid import license for used monitors, with the tribunal upholding the confiscation under the Customs Act and emphasizing the necessity of import licenses for importing used goods under the EXIM Policy. Case-Laws Customs Thu, 02 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107177