https://www.taxtmi.com/caselaws?id=247749 The Tribunal ruled in favor of the appellant regarding the valuation of imported goods, holding that the transaction value should be accepted unless proven incorrect with substantial evidence. The Tribunal reduced the redemption fine and penalty to 10% and 5% of the value of the goods, respectively, following precedents and emphasizing judicial discipline. Despite a dissenting opinion, the Tribunal upheld the reduction in fines and penalties, allowing the appellant to redeem the goods upon payment of the revised amounts. en-us Fri, 04 Apr 2014 00:00:00 +0530 Wed, 21 May 2014 19:45:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247749 The Tribunal ruled in favor of the appellant regarding the valuation of imported goods, holding that the transaction value should be accepted unless proven incorrect with substantial evidence. The Tribunal reduced the redemption fine and penalty to 10% and 5% of the value of the goods, respectively, following precedents and emphasizing judicial discipline. Despite a dissenting opinion, the Tribunal upheld the reduction in fines and penalties, allowing the appellant to redeem the goods upon payment of the revised amounts. Case-Laws Customs Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247749