https://www.taxtmi.com/caselaws?id=236596 The Tribunal allowed the appeal, overturning the confiscation and penalties imposed on the imported goods. The Tribunal found that the reassessment of the goods' value under Rule 9 based on NIDB data was not adequately supported by evidence of contemporaneous imports of identical goods. The appellant's claim of stock-lot purchase was accepted as unrebutted by the Revenue. The Tribunal also noted the failure of the adjudicating authority to consider relevant precedents and case laws cited by the appellant. The Technical Member dissented on the undervaluation of watch batteries but agreed to give the benefit of doubt for other items, directing resolution of this difference. en-us Thu, 21 Feb 2013 00:00:00 +0530 Mon, 25 May 2015 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236596 The Tribunal allowed the appeal, overturning the confiscation and penalties imposed on the imported goods. The Tribunal found that the reassessment of the goods' value under Rule 9 based on NIDB data was not adequately supported by evidence of contemporaneous imports of identical goods. The appellant's claim of stock-lot purchase was accepted as unrebutted by the Revenue. The Tribunal also noted the failure of the adjudicating authority to consider relevant precedents and case laws cited by the appellant. The Technical Member dissented on the undervaluation of watch batteries but agreed to give the benefit of doubt for other items, directing resolution of this difference. Case-Laws Customs Thu, 21 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236596