https://www.taxtmi.com/caselaws?id=237272 The appellant's challenge against the enhanced assessable value of imported goods was successful as the Tribunal found procedural errors in rejecting the declared transaction value and in the confiscation of goods under Sections 111(d) and 111(m). The penalty imposed on the appellant was deemed unjustified, emphasizing the necessity for correct valuation procedures and adherence to Customs Valuation Rules before penalties or confiscations are imposed under the Customs Act. en-us Wed, 03 Jul 2013 00:00:00 +0530 Sat, 08 Feb 2014 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237272 The appellant's challenge against the enhanced assessable value of imported goods was successful as the Tribunal found procedural errors in rejecting the declared transaction value and in the confiscation of goods under Sections 111(d) and 111(m). The penalty imposed on the appellant was deemed unjustified, emphasizing the necessity for correct valuation procedures and adherence to Customs Valuation Rules before penalties or confiscations are imposed under the Customs Act. Case-Laws Customs Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237272