https://www.taxtmi.com/caselaws?id=346401 The Tribunal found the valuation of imported goods reasonable, upholding the re-assessment by a Chartered Engineer. It dismissed the allegation of import restrictions, citing the goods were imported before the restrictions came into effect. The Tribunal agreed with the appellant on the applicability of the Foreign Trade Policy, stating the import was lawful at the time. It interpreted relevant legal provisions favorably for the appellant, emphasizing the lack of restrictions during import. The Tribunal allowed the appellant's appeal, overturning the impugned order and setting aside penalties imposed. en-us Wed, 05 Jul 2017 00:00:00 +0530 Sat, 12 Aug 2017 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346401 The Tribunal found the valuation of imported goods reasonable, upholding the re-assessment by a Chartered Engineer. It dismissed the allegation of import restrictions, citing the goods were imported before the restrictions came into effect. The Tribunal agreed with the appellant on the applicability of the Foreign Trade Policy, stating the import was lawful at the time. It interpreted relevant legal provisions favorably for the appellant, emphasizing the lack of restrictions during import. The Tribunal allowed the appellant's appeal, overturning the impugned order and setting aside penalties imposed. Case-Laws Customs Wed, 05 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346401