https://www.taxtmi.com/caselaws?id=363145 The Tribunal allowed the appeals, setting aside the penalties imposed on the appellants. The judgment emphasized the importance of following valuation rules sequentially, rejecting transaction value with tangible evidence before enhancing the value of imported goods. The lack of evidence to establish lower value justified overturning the penalties based on undervaluation allegations. en-us Wed, 04 Jul 2018 00:00:00 +0530 Mon, 09 Jul 2018 08:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363145 The Tribunal allowed the appeals, setting aside the penalties imposed on the appellants. The judgment emphasized the importance of following valuation rules sequentially, rejecting transaction value with tangible evidence before enhancing the value of imported goods. The lack of evidence to establish lower value justified overturning the penalties based on undervaluation allegations. Case-Laws Customs Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363145