https://www.taxtmi.com/caselaws?id=335675 The Tribunal upheld the customs duty demand and interest while setting aside the penalties imposed under the Customs Act, 1962. It determined that imported drawings and designs are considered goods, thus subject to duty liability. The Tribunal also clarified the valuation method for customs duty levy, emphasizing uniform application of deductions. Penalties were deemed unwarranted due to the ongoing dispute regarding the classification of drawings and designs as goods. en-us Fri, 04 Nov 2016 00:00:00 +0530 Tue, 22 Aug 2017 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335675 The Tribunal upheld the customs duty demand and interest while setting aside the penalties imposed under the Customs Act, 1962. It determined that imported drawings and designs are considered goods, thus subject to duty liability. The Tribunal also clarified the valuation method for customs duty levy, emphasizing uniform application of deductions. Penalties were deemed unwarranted due to the ongoing dispute regarding the classification of drawings and designs as goods. Case-Laws Customs Fri, 04 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335675