https://www.taxtmi.com/caselaws?id=203716 The Appellate Tribunal upheld the decision of the Commissioner (Appeals) in a customs case, rejecting the department's challenge against the declared value of imported monitors. The Tribunal found no merit in the department's appeal to increase the value of the goods, citing lack of substantiation and supporting evidence. It also upheld the reduction of the redemption fine and penalty based on evidence presented by the assessee regarding profit margins. The Tribunal dismissed the Revenue's appeal, affirming the Commissioner's decision on the declared value, fine, and penalty. en-us Wed, 16 Mar 2011 00:00:00 +0530 Mon, 27 Aug 2012 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203716 The Appellate Tribunal upheld the decision of the Commissioner (Appeals) in a customs case, rejecting the department's challenge against the declared value of imported monitors. The Tribunal found no merit in the department's appeal to increase the value of the goods, citing lack of substantiation and supporting evidence. It also upheld the reduction of the redemption fine and penalty based on evidence presented by the assessee regarding profit margins. The Tribunal dismissed the Revenue's appeal, affirming the Commissioner's decision on the declared value, fine, and penalty. Case-Laws Customs Wed, 16 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203716