https://www.taxtmi.com/caselaws?id=115327 The Tribunal upheld the rejection of the transaction value for customs duty assessment due to insufficient evidence of a purely commercial price unaffected by the relationship between the parties. However, it found no misdeclaration of goods and deemed the confiscation and penalty imposition unwarranted. Therefore, the order related to confiscation and penalty imposition was set aside, and the appeal was partly allowed on this basis. en-us Fri, 01 Apr 2005 00:00:00 +0530 Sat, 26 May 2012 11:46:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115327 The Tribunal upheld the rejection of the transaction value for customs duty assessment due to insufficient evidence of a purely commercial price unaffected by the relationship between the parties. However, it found no misdeclaration of goods and deemed the confiscation and penalty imposition unwarranted. Therefore, the order related to confiscation and penalty imposition was set aside, and the appeal was partly allowed on this basis. Case-Laws Customs Fri, 01 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115327