https://www.taxtmi.com/caselaws?id=346818 The Tribunal partially allowed the appeals, citing the overvaluation of exported goods, use of market survey evidence, failure to confront the appellant with evidence, challenge of cost and market price, and a penalty reduction from Rs. 4,00,000/- to Rs. 1,00,000/- each. The decision was based on established legal principles, emphasizing the lack of substantial evidence from the appellant to disprove mis-declaration, ultimately leading to the reduction in penalties in accordance with re-determined values. en-us Thu, 01 Jun 2017 00:00:00 +0530 Sat, 30 Dec 2017 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346818 The Tribunal partially allowed the appeals, citing the overvaluation of exported goods, use of market survey evidence, failure to confront the appellant with evidence, challenge of cost and market price, and a penalty reduction from Rs. 4,00,000/- to Rs. 1,00,000/- each. The decision was based on established legal principles, emphasizing the lack of substantial evidence from the appellant to disprove mis-declaration, ultimately leading to the reduction in penalties in accordance with re-determined values. Case-Laws Customs Thu, 01 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346818