https://www.taxtmi.com/caselaws?id=115615 The Tribunal set aside the order enhancing the value of imported goods due to the Chartered Engineer's certificate lacking the year of manufacture and insufficient supporting evidence. Previous rulings emphasizing the need for valid reasons to reject transaction values under the Customs Act supported this decision. Penalties and fines were reduced to Rs. 1 lakh each in both cases following a shift in Tribunal views on the classification of old and used photocopiers as consumer goods. en-us Thu, 24 Mar 2005 00:00:00 +0530 Thu, 31 May 2012 14:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115615 The Tribunal set aside the order enhancing the value of imported goods due to the Chartered Engineer's certificate lacking the year of manufacture and insufficient supporting evidence. Previous rulings emphasizing the need for valid reasons to reject transaction values under the Customs Act supported this decision. Penalties and fines were reduced to Rs. 1 lakh each in both cases following a shift in Tribunal views on the classification of old and used photocopiers as consumer goods. Case-Laws Customs Thu, 24 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115615