https://www.taxtmi.com/caselaws?id=375492 The Tribunal partly allowed the appeal by setting aside the re-determined value of the imported goods, but upheld the confiscation, redemption fine, and penalty. The Commissioner's rejection of the declared transaction value was deemed unjustified due to lack of special reasons and similarity in contemporaneous imports. The confiscation was upheld based on violation of import licensing requirements, and the penalty was maintained for deliberate violation of policy despite appellants' contentions. en-us Thu, 20 Dec 2018 00:00:00 +0530 Wed, 20 Feb 2019 06:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375492 The Tribunal partly allowed the appeal by setting aside the re-determined value of the imported goods, but upheld the confiscation, redemption fine, and penalty. The Commissioner's rejection of the declared transaction value was deemed unjustified due to lack of special reasons and similarity in contemporaneous imports. The confiscation was upheld based on violation of import licensing requirements, and the penalty was maintained for deliberate violation of policy despite appellants' contentions. Case-Laws Customs Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375492