https://www.taxtmi.com/caselaws?id=116797 The Tribunal held that despite the restricted nature of the imported goods, confiscation and penalty were not justified as the items were deemed waste and scrap upon melting. The decision to accept the declared value for assessment was upheld, with the Tribunal ruling in favor of the importer, rejecting the Revenue's appeal. en-us Thu, 22 Sep 2005 00:00:00 +0530 Sat, 16 Jun 2012 16:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116797 The Tribunal held that despite the restricted nature of the imported goods, confiscation and penalty were not justified as the items were deemed waste and scrap upon melting. The decision to accept the declared value for assessment was upheld, with the Tribunal ruling in favor of the importer, rejecting the Revenue's appeal. Case-Laws Customs Thu, 22 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116797