https://www.taxtmi.com/caselaws?id=4556 The Tribunal upheld the enhancement of value for imported silk fabrics to align with market prices but set aside the confiscation and penalty imposed by the Commissioner under the Customs Act. It emphasized the need for proper investigation before confiscation or penalties, highlighting that mere value enhancement does not imply mis-declaration. The Tribunal directed a rework of duty liability based on the enhanced value determined by the Commissioner, ensuring a fair assessment in line with the Commissioner's order. en-us Wed, 26 Mar 2008 00:00:00 +0530 Sat, 12 Jul 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4556 The Tribunal upheld the enhancement of value for imported silk fabrics to align with market prices but set aside the confiscation and penalty imposed by the Commissioner under the Customs Act. It emphasized the need for proper investigation before confiscation or penalties, highlighting that mere value enhancement does not imply mis-declaration. The Tribunal directed a rework of duty liability based on the enhanced value determined by the Commissioner, ensuring a fair assessment in line with the Commissioner's order. Case-Laws Customs Wed, 26 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4556