https://www.taxtmi.com/caselaws?id=1424 The tribunal ruled in favor of the applicants/appellants, setting aside the impugned order. It found no justification for ordering confiscation of goods or imposing penalties as the DEPB Credit claimed was lower than the established market value of Rs 98.00 per piece. The tribunal rejected the application of Section 113(i) of the Customs Act, 1962, due to the lack of evidence supporting any claim of excess credit. Consequently, the tribunal dismissed the actions for confiscation and penalties, emphasizing the accurate calculation of DEPB Credit based on present market value. en-us Thu, 01 Mar 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1424 The tribunal ruled in favor of the applicants/appellants, setting aside the impugned order. It found no justification for ordering confiscation of goods or imposing penalties as the DEPB Credit claimed was lower than the established market value of Rs 98.00 per piece. The tribunal rejected the application of Section 113(i) of the Customs Act, 1962, due to the lack of evidence supporting any claim of excess credit. Consequently, the tribunal dismissed the actions for confiscation and penalties, emphasizing the accurate calculation of DEPB Credit based on present market value. Case-Laws Customs Thu, 01 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1424