https://www.taxtmi.com/caselaws?id=370281 The Tribunal held that the valuation of goods of Chinese origin should be done under Rule 7 (deductive method) and not compared with those from the USA. The absolute confiscation of food supplements containing beef was upheld, while those not containing beef were upheld but redeemable on payment of duty. Confiscation of A4 copy paper was set aside. The order to appropriate the bank guarantee towards redemption fine was set aside. Penalties were adjusted, with M/s Balaji Overseas' penalty restricted to 100% of the duty sought to be evaded, Mr. Kshitij Sharma's penalty set aside, and M/s Him Logistics' penalty also set aside. Appeals were partially allowed, and consequential relief was granted. en-us Tue, 06 Nov 2018 00:00:00 +0530 Fri, 06 Nov 2020 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370281 The Tribunal held that the valuation of goods of Chinese origin should be done under Rule 7 (deductive method) and not compared with those from the USA. The absolute confiscation of food supplements containing beef was upheld, while those not containing beef were upheld but redeemable on payment of duty. Confiscation of A4 copy paper was set aside. The order to appropriate the bank guarantee towards redemption fine was set aside. Penalties were adjusted, with M/s Balaji Overseas' penalty restricted to 100% of the duty sought to be evaded, Mr. Kshitij Sharma's penalty set aside, and M/s Him Logistics' penalty also set aside. Appeals were partially allowed, and consequential relief was granted. Case-Laws Customs Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370281