https://www.taxtmi.com/caselaws?id=336856 The Tribunal set aside the redemption fine and penalty imposed on the appellant, noting that the reasons for non-installation of the digital printing machine were beyond the appellant's control. The duty payable was determined based on the machine's value at the importation date, rejecting the appellant's argument for depreciated value calculation. The decision highlighted the importance of considering circumstances beyond the appellant's control in failing to fulfill export obligations and the application of legal precedents in determining duty liability and fines for non-compliance. en-us Wed, 14 Dec 2016 00:00:00 +0530 Wed, 31 Jan 2018 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336856 The Tribunal set aside the redemption fine and penalty imposed on the appellant, noting that the reasons for non-installation of the digital printing machine were beyond the appellant's control. The duty payable was determined based on the machine's value at the importation date, rejecting the appellant's argument for depreciated value calculation. The decision highlighted the importance of considering circumstances beyond the appellant's control in failing to fulfill export obligations and the application of legal precedents in determining duty liability and fines for non-compliance. Case-Laws Customs Wed, 14 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336856