https://www.taxtmi.com/caselaws?id=119235 The Tribunal upheld the Commissioner's valuation method for imported goods, rejecting the appellants' claim of defects and substandard quality. The redemption fine was reduced to Rs. 10 lakhs, and the penalty of Rs. 15 lakhs was maintained. The appeal was partly allowed by reducing the redemption fine. en-us Fri, 30 Jun 2006 00:00:00 +0530 Mon, 09 Jul 2012 17:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119235 The Tribunal upheld the Commissioner's valuation method for imported goods, rejecting the appellants' claim of defects and substandard quality. The redemption fine was reduced to Rs. 10 lakhs, and the penalty of Rs. 15 lakhs was maintained. The appeal was partly allowed by reducing the redemption fine. Case-Laws Customs Fri, 30 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119235