https://www.taxtmi.com/caselaws?id=370157 The Tribunal upheld the rejection of the declared value of imported goods due to doubts about its accuracy, based on the Customs Valuation Rules. The enhanced assessable value was deemed justified by considering information from the manufacturer. However, the imposition of redemption fine and penalties was set aside as unjustified, citing legal principles. Duty recovery was upheld under the Customs Act, 1962, with a detailed analysis of the issues and legal provisions provided in the judgment. en-us Tue, 06 Nov 2018 00:00:00 +0530 Fri, 13 Mar 2020 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370157 The Tribunal upheld the rejection of the declared value of imported goods due to doubts about its accuracy, based on the Customs Valuation Rules. The enhanced assessable value was deemed justified by considering information from the manufacturer. However, the imposition of redemption fine and penalties was set aside as unjustified, citing legal principles. Duty recovery was upheld under the Customs Act, 1962, with a detailed analysis of the issues and legal provisions provided in the judgment. Case-Laws Customs Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370157