https://www.taxtmi.com/caselaws?id=107851 The importer contested the Department's attempt to increase the assessable value of imported marble blocks, arguing against the proposed raise from US $95 to US $300 per metric ton. The Commissioner imposed a redemption fine of Rs. 88 lakhs and a penalty of Rs. 8.30 lakhs, based on market inquiries and past decisions. The Tribunal scrutinized the Commissioner's calculation methods, directing the importer to deposit Rs. 14 lakhs for fines and penalties. Clearance of goods was allowed upon deposit, with future fines covered by a bond, considering the importer's compliance history. An expedited hearing was granted after the deposit was made. en-us Fri, 12 Oct 2001 00:00:00 +0530 Tue, 27 Mar 2012 12:53:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107851 The importer contested the Department's attempt to increase the assessable value of imported marble blocks, arguing against the proposed raise from US $95 to US $300 per metric ton. The Commissioner imposed a redemption fine of Rs. 88 lakhs and a penalty of Rs. 8.30 lakhs, based on market inquiries and past decisions. The Tribunal scrutinized the Commissioner's calculation methods, directing the importer to deposit Rs. 14 lakhs for fines and penalties. Clearance of goods was allowed upon deposit, with future fines covered by a bond, considering the importer's compliance history. An expedited hearing was granted after the deposit was made. Case-Laws Customs Fri, 12 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107851