https://www.taxtmi.com/caselaws?id=338963 The tribunal ruled in favor of the appellants, setting aside the order of confiscation under Sections 111(k) and 111(m) of the Customs Act. The dispute over the classification of goods as brass scrap or brass ingots was resolved in favor of the appellants, as the mis-declaration allegation stemmed from a classification issue rather than intentional duty evasion. Additionally, the tribunal found the Revenue's enhancement of the goods' value unjustified, emphasizing the importance of basing valuation on normal transaction value unless valid reasons dictate otherwise. As a result, the impugned order was set aside, and the appeals were allowed. en-us Fri, 06 Jan 2017 00:00:00 +0530 Tue, 14 Nov 2017 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338963 The tribunal ruled in favor of the appellants, setting aside the order of confiscation under Sections 111(k) and 111(m) of the Customs Act. The dispute over the classification of goods as brass scrap or brass ingots was resolved in favor of the appellants, as the mis-declaration allegation stemmed from a classification issue rather than intentional duty evasion. Additionally, the tribunal found the Revenue's enhancement of the goods' value unjustified, emphasizing the importance of basing valuation on normal transaction value unless valid reasons dictate otherwise. As a result, the impugned order was set aside, and the appeals were allowed. Case-Laws Customs Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338963