https://www.taxtmi.com/caselaws?id=336930 The Tribunal upheld the confiscation of old and used digital multi-functional printers imported without a specified license, citing violation of the Foreign Trade Policy. The goods were valued higher than declared, considered restricted, and subject to redemption fine and penalty. The Tribunal supported valuation by an Expert Chartered Engineer and reduced the redemption fine to 10% and penalty to 5% of the goods' value, following precedent and concluding the appeal accordingly. en-us Thu, 22 Dec 2016 00:00:00 +0530 Tue, 22 Aug 2017 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336930 The Tribunal upheld the confiscation of old and used digital multi-functional printers imported without a specified license, citing violation of the Foreign Trade Policy. The goods were valued higher than declared, considered restricted, and subject to redemption fine and penalty. The Tribunal supported valuation by an Expert Chartered Engineer and reduced the redemption fine to 10% and penalty to 5% of the goods' value, following precedent and concluding the appeal accordingly. Case-Laws Customs Thu, 22 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336930