https://www.taxtmi.com/caselaws?id=339458 The Tribunal modified the impugned order, directing the valuation of imported goods based on NIDB data, reducing the penalty imposed on the appellant, and allowing the appeal in part. The penalty was reduced to Rs. 2,00,000 from Rs. 20,00,000 considering the nature of the items and the absolute confiscation of undeclared goods with dual markings. The appellant's argument for acceptance of NIDB value over market enquiry was upheld, leading to a favorable outcome in terms of valuation and penalty imposition. en-us Thu, 19 Jan 2017 00:00:00 +0530 Fri, 09 Feb 2018 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339458 The Tribunal modified the impugned order, directing the valuation of imported goods based on NIDB data, reducing the penalty imposed on the appellant, and allowing the appeal in part. The penalty was reduced to Rs. 2,00,000 from Rs. 20,00,000 considering the nature of the items and the absolute confiscation of undeclared goods with dual markings. The appellant's argument for acceptance of NIDB value over market enquiry was upheld, leading to a favorable outcome in terms of valuation and penalty imposition. Case-Laws Customs Thu, 19 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339458