https://www.taxtmi.com/caselaws?id=337835 Imported restricted secondhand diesel engines brought in without the required licence could be confiscated, and penalty was justified, because the transaction value was rejected on the basis of misdeclaration and expert appraiser assessment. The enhanced valuation was therefore upheld. Confiscation and penalty were maintained, but the redemption fine was considered excessive and reduced in line with the Tribunal's consistent approach to fix such fine at 20% of the enhanced value. en-us Wed, 28 Dec 2016 00:00:00 +0530 Thu, 19 Jan 2017 08:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337835 Imported restricted secondhand diesel engines brought in without the required licence could be confiscated, and penalty was justified, because the transaction value was rejected on the basis of misdeclaration and expert appraiser assessment. The enhanced valuation was therefore upheld. Confiscation and penalty were maintained, but the redemption fine was considered excessive and reduced in line with the Tribunal's consistent approach to fix such fine at 20% of the enhanced value. Case-Laws Customs Wed, 28 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337835