https://www.taxtmi.com/caselaws?id=118295 The Tribunal upheld the classification of goods as acrylic fiber instead of waste, based on test reports and packaging descriptions. The declared value of goods was restored to US $1.00 per kg, rejecting the enhanced value of US $1.75 per kg, citing the Supreme Court precedent. Penalties for misdeclaration were imposed on the sole proprietor but set aside for the proprietory concern. The impugned order was modified accordingly, with the goods classified as acrylic fiber, values restored, and penalties adjusted, leading to the disposal of all three appeals. en-us Thu, 15 Jun 2006 00:00:00 +0530 Fri, 29 Jun 2012 16:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118295 The Tribunal upheld the classification of goods as acrylic fiber instead of waste, based on test reports and packaging descriptions. The declared value of goods was restored to US $1.00 per kg, rejecting the enhanced value of US $1.75 per kg, citing the Supreme Court precedent. Penalties for misdeclaration were imposed on the sole proprietor but set aside for the proprietory concern. The impugned order was modified accordingly, with the goods classified as acrylic fiber, values restored, and penalties adjusted, leading to the disposal of all three appeals. Case-Laws Customs Thu, 15 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118295