https://www.taxtmi.com/caselaws?id=356814 The Tribunal upheld the original authority's decision regarding the correct valuation of imported goods, confiscation of goods, and penalty under Section 112(a) of the Customs Act, 1962. The Tribunal found that the appellants' lack of bonafide belief in the declared value, discrepancies in explanations and documents, and failure to provide a coherent defense during the investigation justified the confiscation and penalty. The Tribunal also upheld the assessment of the redemption fine and penalty, determining them not to be excessive and dismissing the appeal for lack of merit. en-us Tue, 30 Jan 2018 00:00:00 +0530 Tue, 13 Mar 2018 07:28:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356814 The Tribunal upheld the original authority's decision regarding the correct valuation of imported goods, confiscation of goods, and penalty under Section 112(a) of the Customs Act, 1962. The Tribunal found that the appellants' lack of bonafide belief in the declared value, discrepancies in explanations and documents, and failure to provide a coherent defense during the investigation justified the confiscation and penalty. The Tribunal also upheld the assessment of the redemption fine and penalty, determining them not to be excessive and dismissing the appeal for lack of merit. Case-Laws Customs Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356814