https://www.taxtmi.com/caselaws?id=345267 Import of second-hand restricted goods justified redemption fine and penalty where the declared value was not accepted and was enhanced on the basis of the Chartered Engineer's report. The importer did not press the challenge to valuation and confined the dispute to the quantum of fine and penalty. On the finding that the goods were incorrectly valued and the import was hit by Foreign Trade Policy restrictions, the redemption fine and penalty were treated as reasonable, and no reduction was warranted. en-us Fri, 16 Jun 2017 00:00:00 +0530 Mon, 28 Aug 2017 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345267 Import of second-hand restricted goods justified redemption fine and penalty where the declared value was not accepted and was enhanced on the basis of the Chartered Engineer's report. The importer did not press the challenge to valuation and confined the dispute to the quantum of fine and penalty. On the finding that the goods were incorrectly valued and the import was hit by Foreign Trade Policy restrictions, the redemption fine and penalty were treated as reasonable, and no reduction was warranted. Case-Laws Customs Fri, 16 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345267