https://www.taxtmi.com/caselaws?id=363401 The Tribunal ruled in favor of the appellant, setting aside the redemption fine and penalty imposed under Sections 125 and 114 of the Customs Act, 1962. The Tribunal found that there was insufficient evidence of over-valuation beyond the Valuation Committee's report, which lacked transparency in its composition and methodology. The appellant's appeal on this issue was allowed, leading to the cancellation of the fine and penalty. en-us Fri, 16 Mar 2018 00:00:00 +0530 Fri, 06 Mar 2020 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363401 The Tribunal ruled in favor of the appellant, setting aside the redemption fine and penalty imposed under Sections 125 and 114 of the Customs Act, 1962. The Tribunal found that there was insufficient evidence of over-valuation beyond the Valuation Committee's report, which lacked transparency in its composition and methodology. The appellant's appeal on this issue was allowed, leading to the cancellation of the fine and penalty. Case-Laws Customs Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363401