https://www.taxtmi.com/caselaws?id=366314 The tribunal set aside the redemption fine and penalty imposed on the appellant for undervaluation of imported Aluminium Scrap, ruling in favor of the appellant. The tribunal found the Chartered Engineer's valuation unacceptable due to lack of evidence on the examination process and market survey data. While confirming the duty demand as the valuation was not disputed on technical grounds, the tribunal held that the redemption fine and penalty were not justified. The appeal was disposed of accordingly. en-us Mon, 23 Jul 2018 00:00:00 +0530 Fri, 06 Mar 2020 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366314 The tribunal set aside the redemption fine and penalty imposed on the appellant for undervaluation of imported Aluminium Scrap, ruling in favor of the appellant. The tribunal found the Chartered Engineer's valuation unacceptable due to lack of evidence on the examination process and market survey data. While confirming the duty demand as the valuation was not disputed on technical grounds, the tribunal held that the redemption fine and penalty were not justified. The appeal was disposed of accordingly. Case-Laws Customs Mon, 23 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366314