https://www.taxtmi.com/caselaws?id=357916 The tribunal dismissed the revenue's appeal and allowed the importer's appeal in a case concerning the classification of imported goods for customs duty levy. The tribunal ruled in favor of the importer regarding the classification of specific products and the re-determination of 'retail selling price', finding that the adjudicating authority lacked legal basis for the re-determination. The tribunal also found the confiscation and penalty imposed on the importer to be unjustified, leading to the overall decision in favor of the importer based on the legal analysis under the Customs Act, 1962. en-us Tue, 27 Feb 2018 00:00:00 +0530 Tue, 19 Mar 2019 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357916 The tribunal dismissed the revenue's appeal and allowed the importer's appeal in a case concerning the classification of imported goods for customs duty levy. The tribunal ruled in favor of the importer regarding the classification of specific products and the re-determination of 'retail selling price', finding that the adjudicating authority lacked legal basis for the re-determination. The tribunal also found the confiscation and penalty imposed on the importer to be unjustified, leading to the overall decision in favor of the importer based on the legal analysis under the Customs Act, 1962. Case-Laws Customs Tue, 27 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357916