https://www.taxtmi.com/caselaws?id=364566 The Tribunal upheld the charge of undervaluation of imported old and used tires but set aside the enhancement of the assessable value, considering the foreign supplier's invoice as correct. The confiscation of goods and penalty imposition due to the non-production of the required import license were upheld, but the redemption fine and penalty were reduced based on legal precedent, providing relief to the appellant in terms of reduced financial liabilities. en-us Mon, 18 Jun 2018 00:00:00 +0530 Wed, 01 Aug 2018 06:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364566 The Tribunal upheld the charge of undervaluation of imported old and used tires but set aside the enhancement of the assessable value, considering the foreign supplier's invoice as correct. The confiscation of goods and penalty imposition due to the non-production of the required import license were upheld, but the redemption fine and penalty were reduced based on legal precedent, providing relief to the appellant in terms of reduced financial liabilities. Case-Laws Customs Mon, 18 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364566