https://www.taxtmi.com/caselaws?id=116082 The Tribunal set aside the valuation enhancement of imported goods based on a Chartered Engineer's certificate, determining that the goods were old and used main frame assemblies, not complete photocopiers. The redemption fine was reduced to Rs. 2 lakhs, with the penalty of Rs. 1 lakh upheld. The confiscation of goods due to misdeclaration and violation of the Import Trade Control Order was acknowledged, leading to a reduction in the redemption fine while upholding the penalty. The Tribunal disposed of the appeal without interference on the penalty amount, allowing for any consequential relief as per the law. en-us Wed, 24 Nov 2004 00:00:00 +0530 Thu, 07 Jun 2012 11:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116082 The Tribunal set aside the valuation enhancement of imported goods based on a Chartered Engineer's certificate, determining that the goods were old and used main frame assemblies, not complete photocopiers. The redemption fine was reduced to Rs. 2 lakhs, with the penalty of Rs. 1 lakh upheld. The confiscation of goods due to misdeclaration and violation of the Import Trade Control Order was acknowledged, leading to a reduction in the redemption fine while upholding the penalty. The Tribunal disposed of the appeal without interference on the penalty amount, allowing for any consequential relief as per the law. Case-Laws Customs Wed, 24 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116082