https://www.taxtmi.com/caselaws?id=337835 The Tribunal upheld the confiscation of imported secondhand diesel engines due to lack of a specific import license and misdeclaration of goods' value. The enhancement of value by the adjudicating authority was deemed justified, and the expert appraiser's valuation was upheld. The redemption fine was reduced as it was considered excessive, while the penalties imposed were upheld as proportionate. The appeals were disposed of by maintaining the valuation, confiscation, and penalties, with the judgment pronounced on 28.12.2016. 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 The Tribunal upheld the confiscation of imported secondhand diesel engines due to lack of a specific import license and misdeclaration of goods' value. The enhancement of value by the adjudicating authority was deemed justified, and the expert appraiser's valuation was upheld. The redemption fine was reduced as it was considered excessive, while the penalties imposed were upheld as proportionate. The appeals were disposed of by maintaining the valuation, confiscation, and penalties, with the judgment pronounced on 28.12.2016. Case-Laws Customs Wed, 28 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337835