https://www.taxtmi.com/caselaws?id=154908 The Appellate Tribunal upheld the rejection of transaction value for misdeclaration of imported computer parts, confiscation of goods, and imposition of penalties on importers. The Tribunal found the declared value did not reflect the actual market price, citing fluctuating prices and comparable imports. The challenge on time-bar grounds was rejected due to consistent misdeclaration in multiple consignments. The Tribunal affirmed the re-determination of value and penalties, with a reduction in penalty for one partner in Appeal Nos. C/250 & 251/2002, while Appeal No. C/249/2002 was dismissed. en-us Wed, 09 Dec 2009 00:00:00 +0530 Thu, 29 Aug 2013 18:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154908 The Appellate Tribunal upheld the rejection of transaction value for misdeclaration of imported computer parts, confiscation of goods, and imposition of penalties on importers. The Tribunal found the declared value did not reflect the actual market price, citing fluctuating prices and comparable imports. The challenge on time-bar grounds was rejected due to consistent misdeclaration in multiple consignments. The Tribunal affirmed the re-determination of value and penalties, with a reduction in penalty for one partner in Appeal Nos. C/250 & 251/2002, while Appeal No. C/249/2002 was dismissed. Case-Laws Customs Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154908