https://www.taxtmi.com/caselaws?id=215697 The Tribunal upheld the Commissioner's determination of the value of imported viscose filament yarn, rejecting the appellants' argument for accepting the declared value due to quality misdeclaration. The Tribunal reduced the redemption fine to Rs.2,00,000 and the penalty to Rs.1,00,000, considering the excessive nature of the fines. The appeal was otherwise rejected based on the detailed analysis of quality discrepancies, value determination, and the imposition of fines and penalties in the case. en-us Mon, 02 Jul 2012 00:00:00 +0530 Tue, 14 Aug 2012 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215697 The Tribunal upheld the Commissioner's determination of the value of imported viscose filament yarn, rejecting the appellants' argument for accepting the declared value due to quality misdeclaration. The Tribunal reduced the redemption fine to Rs.2,00,000 and the penalty to Rs.1,00,000, considering the excessive nature of the fines. The appeal was otherwise rejected based on the detailed analysis of quality discrepancies, value determination, and the imposition of fines and penalties in the case. Case-Laws Customs Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215697