https://www.taxtmi.com/caselaws?id=117942 The Tribunal set aside the Commissioner's valuation of goods at Rs. 50/- per piece for DEPB credit claim under Shipping Bills, along with the imposed penalty of Rs. 2,60,000/-. It was held that SITRA was not competent to determine market value, and the Commissioner's decision lacked justification and communication to the appellants. The appeal was allowed, providing consequential relief to the appellants based on the lack of evidence supporting the valuation and the improper application of Section 113 of the Customs Act, 1962. en-us Thu, 23 Feb 2006 00:00:00 +0530 Wed, 27 Jun 2012 15:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117942 The Tribunal set aside the Commissioner's valuation of goods at Rs. 50/- per piece for DEPB credit claim under Shipping Bills, along with the imposed penalty of Rs. 2,60,000/-. It was held that SITRA was not competent to determine market value, and the Commissioner's decision lacked justification and communication to the appellants. The appeal was allowed, providing consequential relief to the appellants based on the lack of evidence supporting the valuation and the improper application of Section 113 of the Customs Act, 1962. Case-Laws Customs Thu, 23 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117942