https://www.taxtmi.com/caselaws?id=326161 The Tribunal upheld the appellant's position, emphasizing that the declared transaction value should be accepted under Section 14 of the Customs Act. It found no valid reason to reject the declared value, as there was no dispute about the payment made. The Tribunal also ruled that confiscation and penalty were unwarranted since there was no misdeclaration regarding the goods' quantity. Consequently, the Tribunal set aside the Commissioner's order, allowing the appeal and providing relief to the appellant. en-us Wed, 16 Mar 2016 00:00:00 +0530 Mon, 13 Feb 2017 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326161 The Tribunal upheld the appellant's position, emphasizing that the declared transaction value should be accepted under Section 14 of the Customs Act. It found no valid reason to reject the declared value, as there was no dispute about the payment made. The Tribunal also ruled that confiscation and penalty were unwarranted since there was no misdeclaration regarding the goods' quantity. Consequently, the Tribunal set aside the Commissioner's order, allowing the appeal and providing relief to the appellant. Case-Laws Customs Wed, 16 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326161