https://www.taxtmi.com/caselaws?id=236994 The Tribunal set aside the impugned order imposing penalties and confiscation on the main appellant, an importer of automobile parts, for under valuation. The re-determination of assessable value was found flawed as it compared unbranded parts from China with branded parts sold by authorized service centers, lacking evidence of similarity. Penalties were deemed unjustified due to unreliable evidence, leading to their setting aside. The appeals were partly allowed and remanded for re-assessment based on NIDB data for comparable goods, with penalties on co-appellants also set aside. en-us Fri, 01 Mar 2013 00:00:00 +0530 Mon, 06 Jan 2014 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236994 The Tribunal set aside the impugned order imposing penalties and confiscation on the main appellant, an importer of automobile parts, for under valuation. The re-determination of assessable value was found flawed as it compared unbranded parts from China with branded parts sold by authorized service centers, lacking evidence of similarity. Penalties were deemed unjustified due to unreliable evidence, leading to their setting aside. The appeals were partly allowed and remanded for re-assessment based on NIDB data for comparable goods, with penalties on co-appellants also set aside. Case-Laws Customs Fri, 01 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236994