https://www.taxtmi.com/caselaws?id=339660 Import of used second-hand photocopier machines was treated as a restricted import under the Foreign Trade Policy 2004-2009, and the enhanced valuation based on the Chartered Engineer's certificate had attained finality. The challenge to redemption fine and penalty was not accepted because the grievance over market enquiry and margin of profit had already been raised before the Commissioner (Appeals), and no procedural unfairness was found. On that basis, the redemption fine and penalty were regarded as properly imposed, and no violation of natural justice was made out. en-us Wed, 18 Jan 2017 00:00:00 +0530 Mon, 13 Nov 2017 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339660 Import of used second-hand photocopier machines was treated as a restricted import under the Foreign Trade Policy 2004-2009, and the enhanced valuation based on the Chartered Engineer's certificate had attained finality. The challenge to redemption fine and penalty was not accepted because the grievance over market enquiry and margin of profit had already been raised before the Commissioner (Appeals), and no procedural unfairness was found. On that basis, the redemption fine and penalty were regarded as properly imposed, and no violation of natural justice was made out. Case-Laws Customs Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339660