https://www.taxtmi.com/caselaws?id=113591 The Tribunal upheld the Customs Authorities' valuation method for customs duty on imported goods, emphasizing deliberate concealment and reducing the redemption fine to Rs. 60 lakhs from the original amount. The Tribunal found the import offense deliberate, with significant duty evasion, justifying adverse inferences due to concealment of information. The modified redemption fine aimed to deter fraudulent activities, aligning with the Indian market value. en-us Mon, 28 Jun 2004 00:00:00 +0530 Sat, 05 May 2012 18:45:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113591 The Tribunal upheld the Customs Authorities' valuation method for customs duty on imported goods, emphasizing deliberate concealment and reducing the redemption fine to Rs. 60 lakhs from the original amount. The Tribunal found the import offense deliberate, with significant duty evasion, justifying adverse inferences due to concealment of information. The modified redemption fine aimed to deter fraudulent activities, aligning with the Indian market value. Case-Laws Customs Mon, 28 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113591