https://www.taxtmi.com/caselaws?id=343198 The Tribunal ruled in favor of the appellant, rejecting the enhanced value of imported goods determined by the Revenue based on NIDB data and weekly average prices. It emphasized the significance of transaction value and legal precedent. The Tribunal upheld the confiscation and penalty for contravening import license conditions but adjusted the financial penalties in accordance with legal precedents. en-us Tue, 18 Apr 2017 00:00:00 +0530 Sat, 20 May 2017 09:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343198 The Tribunal ruled in favor of the appellant, rejecting the enhanced value of imported goods determined by the Revenue based on NIDB data and weekly average prices. It emphasized the significance of transaction value and legal precedent. The Tribunal upheld the confiscation and penalty for contravening import license conditions but adjusted the financial penalties in accordance with legal precedents. Case-Laws Customs Tue, 18 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343198