https://www.taxtmi.com/caselaws?id=213906 The appeal was restored due to non-prosecution, with the Tribunal finding the appellant justified in their reasons for non-appearance. The main issue was the enhancement of imported goods' value, leading to a penalty under Section 112 of Customs Act, 1962. The Tribunal ruled in favor of the appellant, stating they could not be penalized under Section 112 as the contract had broken down, and the foreign supplier had taken actions indicating the appellant was no longer the importer. The impugned order was set aside, allowing the appeal with consequential relief. en-us Wed, 30 May 2012 00:00:00 +0530 Thu, 10 Jan 2013 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213906 The appeal was restored due to non-prosecution, with the Tribunal finding the appellant justified in their reasons for non-appearance. The main issue was the enhancement of imported goods' value, leading to a penalty under Section 112 of Customs Act, 1962. The Tribunal ruled in favor of the appellant, stating they could not be penalized under Section 112 as the contract had broken down, and the foreign supplier had taken actions indicating the appellant was no longer the importer. The impugned order was set aside, allowing the appeal with consequential relief. Case-Laws Customs Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213906