https://www.taxtmi.com/caselaws?id=121102 The Tribunal found that duty demand and penalties imposed on imported goods using fraudulently obtained DEPB scrips were justified, with the actual value significantly lower than declared. The appellant's resistance based on low valuation of export goods was countered by the need for a reliable valuation method. A Cost Accountant was directed to determine the value of the goods, emphasizing fair adjudication. Recovery was stayed pending the valuation report, with further proceedings scheduled. The judgment aimed to resolve the dispute by ensuring accurate valuation of goods for duty assessment. en-us Mon, 08 Jan 2007 00:00:00 +0530 Thu, 26 Jul 2012 15:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121102 The Tribunal found that duty demand and penalties imposed on imported goods using fraudulently obtained DEPB scrips were justified, with the actual value significantly lower than declared. The appellant's resistance based on low valuation of export goods was countered by the need for a reliable valuation method. A Cost Accountant was directed to determine the value of the goods, emphasizing fair adjudication. Recovery was stayed pending the valuation report, with further proceedings scheduled. The judgment aimed to resolve the dispute by ensuring accurate valuation of goods for duty assessment. Case-Laws Central Excise Mon, 08 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121102