https://www.taxtmi.com/caselaws?id=152933 The appeal for enhancement of redemption fine and penalty imposed on the respondent for importing used old photocopying machines without a license was dismissed by the Appellate Tribunal CESTAT MUMBAI. The Tribunal upheld the lower appellate authority's decision to reduce the fine and penalty, citing the lack of market price data for determining the margin of profit and supporting the Chartered Engineer's valuation based on contemporaneous import values. en-us Thu, 25 Feb 2010 00:00:00 +0530 Sat, 13 Jul 2013 11:12:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152933 The appeal for enhancement of redemption fine and penalty imposed on the respondent for importing used old photocopying machines without a license was dismissed by the Appellate Tribunal CESTAT MUMBAI. The Tribunal upheld the lower appellate authority's decision to reduce the fine and penalty, citing the lack of market price data for determining the margin of profit and supporting the Chartered Engineer's valuation based on contemporaneous import values. Case-Laws Customs Thu, 25 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152933