https://www.taxtmi.com/caselaws?id=344572 The Tribunal partially allowed the appeal by accepting the declared value based on the overseas Chartered Engineer certificate, reducing the penalty imposed, and affirming the confiscation of goods for violating ITC regulations. The reassessment of the imported goods' value by customs authorities without sufficient justification was deemed invalid, emphasizing the importance of respecting expert opinions. The rejection of the overseas certificate was found unjustified as it lacked valid reasons and was solely based on another expert's opinion. en-us Mon, 19 Jun 2017 00:00:00 +0530 Thu, 17 Aug 2017 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344572 The Tribunal partially allowed the appeal by accepting the declared value based on the overseas Chartered Engineer certificate, reducing the penalty imposed, and affirming the confiscation of goods for violating ITC regulations. The reassessment of the imported goods' value by customs authorities without sufficient justification was deemed invalid, emphasizing the importance of respecting expert opinions. The rejection of the overseas certificate was found unjustified as it lacked valid reasons and was solely based on another expert's opinion. Case-Laws Customs Mon, 19 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344572