https://www.taxtmi.com/caselaws?id=186168 The Tribunal upheld the upward revision of declared values for second-hand photo copier machines imported without the required import license, leading to confiscation of the impugned goods under Rule 111(d) of the Customs Act, 1962, and penalties for misdeclaration of value. The imposed redemption fine and penalties, approximately 25% and 12% of the reassessed value respectively, were deemed proportionate and justified, dismissing the appellants' objections as unfounded. en-us Wed, 18 Nov 2015 00:00:00 +0530 Thu, 08 Sep 2016 19:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186168 The Tribunal upheld the upward revision of declared values for second-hand photo copier machines imported without the required import license, leading to confiscation of the impugned goods under Rule 111(d) of the Customs Act, 1962, and penalties for misdeclaration of value. The imposed redemption fine and penalties, approximately 25% and 12% of the reassessed value respectively, were deemed proportionate and justified, dismissing the appellants' objections as unfounded. Case-Laws Customs Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186168