https://www.taxtmi.com/caselaws?id=373284 The Tribunal set aside the order confiscating imported goods and imposing penalties under the Customs Act due to discrepancies in valuation. The appellant's argument of forced acceptance of enhanced values due to clearance delays was considered. The Tribunal emphasized the need to rely on contemporaneous imports for valuation, finding the Revenue's reliance on internet prices insufficient. The appeal was allowed with consequential benefits granted to the appellant. en-us Mon, 10 Dec 2018 00:00:00 +0530 Thu, 10 Jan 2019 08:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373284 The Tribunal set aside the order confiscating imported goods and imposing penalties under the Customs Act due to discrepancies in valuation. The appellant's argument of forced acceptance of enhanced values due to clearance delays was considered. The Tribunal emphasized the need to rely on contemporaneous imports for valuation, finding the Revenue's reliance on internet prices insufficient. The appeal was allowed with consequential benefits granted to the appellant. Case-Laws Customs Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373284