https://www.taxtmi.com/caselaws?id=345074 The Tribunal upheld the appellant's declared value of imported goods, supported by the original Chartered Engineer certificate, rejecting the local assessment. The confiscation of goods over 10 years old under the Customs Act, 1962, was upheld. The penalty imposed on importers was reduced by the Tribunal. The decision was based on legal principles and precedents, ensuring a thorough review of valuation discrepancies, Chartered Engineer certificates' validity, confiscation, and penalties under the Customs Act, 1962. en-us Fri, 23 Jun 2017 00:00:00 +0530 Tue, 01 May 2018 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345074 The Tribunal upheld the appellant's declared value of imported goods, supported by the original Chartered Engineer certificate, rejecting the local assessment. The confiscation of goods over 10 years old under the Customs Act, 1962, was upheld. The penalty imposed on importers was reduced by the Tribunal. The decision was based on legal principles and precedents, ensuring a thorough review of valuation discrepancies, Chartered Engineer certificates' validity, confiscation, and penalties under the Customs Act, 1962. Case-Laws Customs Fri, 23 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345074