https://www.taxtmi.com/caselaws?id=342105 The Tribunal set aside the Commissioner (Appeals)'s decision to enhance the assessable value and impose penalties for undervaluation of imported goods. The Tribunal found lack of expert opinion to support the upgrade in quality assessment and noted the failure to consider relevant certificates and valuation reports. It ruled that the valuation enhancement was unjustified and not legally sustainable under Customs Valuation Rules. The original adjudicating authority's decision was reinstated, allowing the appeal against confiscation and penalties. (Word count: 69) en-us Fri, 21 Apr 2017 00:00:00 +0530 Mon, 01 Jan 2018 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342105 The Tribunal set aside the Commissioner (Appeals)'s decision to enhance the assessable value and impose penalties for undervaluation of imported goods. The Tribunal found lack of expert opinion to support the upgrade in quality assessment and noted the failure to consider relevant certificates and valuation reports. It ruled that the valuation enhancement was unjustified and not legally sustainable under Customs Valuation Rules. The original adjudicating authority's decision was reinstated, allowing the appeal against confiscation and penalties. (Word count: 69) Case-Laws Customs Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342105