https://www.taxtmi.com/caselaws?id=345073 The Tribunal upheld the appellant's declared value of imported goods based on the original Chartered Engineer certificate, rejecting the local reassessment without sufficient independent reasons. The Tribunal also reduced the redemption fine and penalties imposed for violating ITC regulations under the Customs Act. The judgment emphasized the importance of valid reasons for disregarding expert opinions and highlighted the consequences of non-compliance with trade laws, including confiscation of goods and penalties. en-us Fri, 23 Jun 2017 00:00:00 +0530 Mon, 12 Feb 2018 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345073 The Tribunal upheld the appellant's declared value of imported goods based on the original Chartered Engineer certificate, rejecting the local reassessment without sufficient independent reasons. The Tribunal also reduced the redemption fine and penalties imposed for violating ITC regulations under the Customs Act. The judgment emphasized the importance of valid reasons for disregarding expert opinions and highlighted the consequences of non-compliance with trade laws, including confiscation of goods and penalties. Case-Laws Customs Fri, 23 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345073