https://www.taxtmi.com/caselaws?id=338225 The Tribunal set aside the levy of differential duty, confiscation, and penalties under the Customs Act, 1962, in a case involving undervaluation and misdeclaration of 'induction cookers' imports. It emphasized the importance of adhering to legal procedures and rules in customs valuation and classification of goods, highlighting the lack of legal authority in the penalties imposed. The appeals were allowed, emphasizing the need for proper application of valuation rules and classification regulations. en-us Tue, 19 Jul 2016 00:00:00 +0530 Tue, 14 Nov 2017 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338225 The Tribunal set aside the levy of differential duty, confiscation, and penalties under the Customs Act, 1962, in a case involving undervaluation and misdeclaration of 'induction cookers' imports. It emphasized the importance of adhering to legal procedures and rules in customs valuation and classification of goods, highlighting the lack of legal authority in the penalties imposed. The appeals were allowed, emphasizing the need for proper application of valuation rules and classification regulations. Case-Laws Customs Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338225