https://www.taxtmi.com/caselaws?id=350611 The Tribunal upheld the mis-declaration charge against the main appellant, emphasizing the importance of accurate declarations to Customs Authorities. The valuation of goods was analyzed, with the Tribunal agreeing with the Original Authority's application of Customs Valuation Rules, 2007. The Tribunal found the redemption fines and penalties excessive, reducing them to meet the ends of justice. Fines and penalties were reduced for both appellants due to the re-export of goods and lack of profit margin, except for the second appellant whose penalty was reduced to Rs. 1 lakh. Appeals were dismissed, with reductions in fines and penalties as determined by the Tribunal. en-us Tue, 19 Sep 2017 00:00:00 +0530 Thu, 09 Nov 2017 08:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350611 The Tribunal upheld the mis-declaration charge against the main appellant, emphasizing the importance of accurate declarations to Customs Authorities. The valuation of goods was analyzed, with the Tribunal agreeing with the Original Authority's application of Customs Valuation Rules, 2007. The Tribunal found the redemption fines and penalties excessive, reducing them to meet the ends of justice. Fines and penalties were reduced for both appellants due to the re-export of goods and lack of profit margin, except for the second appellant whose penalty was reduced to Rs. 1 lakh. Appeals were dismissed, with reductions in fines and penalties as determined by the Tribunal. Case-Laws Customs Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350611