https://www.taxtmi.com/caselaws?id=120019 The Commissioner set aside the valuation enhancement of imported marble slabs to US$ 33 per sq. meter, basing it on the lower contemporaneous import price of US$ 22 per sq. meter. The goods were confiscated under Section 111(d) of the Customs Act for not meeting import criteria, with redemption allowed on payment of a fine. A penalty was also imposed under Section 112(a), which was reduced due to lack of rationale by the lower authority and considerations of demurrage and detention charges, ultimately resulting in modified fine and penalty amounts. en-us Thu, 12 Oct 2006 00:00:00 +0530 Mon, 16 Jul 2012 13:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120019 The Commissioner set aside the valuation enhancement of imported marble slabs to US$ 33 per sq. meter, basing it on the lower contemporaneous import price of US$ 22 per sq. meter. The goods were confiscated under Section 111(d) of the Customs Act for not meeting import criteria, with redemption allowed on payment of a fine. A penalty was also imposed under Section 112(a), which was reduced due to lack of rationale by the lower authority and considerations of demurrage and detention charges, ultimately resulting in modified fine and penalty amounts. Case-Laws Customs Thu, 12 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120019