https://www.taxtmi.com/caselaws?id=245071 The case involved issues regarding the legality of the enhanced value of imported goods, justification of imposed redemption fine and penalty, and compliance with procedural fairness. The Commissioner (Appeals) upheld the enhanced value based on the chartered engineer's certificate and market inquiry, confiscating the goods and imposing a redemption fine of Rs. 1 lakh and a penalty of Rs. 2 lakhs. Judge Manmohan Singh upheld this decision, while Judge Archana Wadhwa proposed setting aside the order, reducing the redemption fine and penalty to 10% and 5% of the goods' value, respectively, emphasizing the adoption of transaction value unless proven otherwise. en-us Tue, 08 Oct 2013 00:00:00 +0530 Wed, 19 Mar 2014 06:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245071 The case involved issues regarding the legality of the enhanced value of imported goods, justification of imposed redemption fine and penalty, and compliance with procedural fairness. The Commissioner (Appeals) upheld the enhanced value based on the chartered engineer's certificate and market inquiry, confiscating the goods and imposing a redemption fine of Rs. 1 lakh and a penalty of Rs. 2 lakhs. Judge Manmohan Singh upheld this decision, while Judge Archana Wadhwa proposed setting aside the order, reducing the redemption fine and penalty to 10% and 5% of the goods' value, respectively, emphasizing the adoption of transaction value unless proven otherwise. Case-Laws Customs Tue, 08 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245071