https://www.taxtmi.com/caselaws?id=375881 The Tribunal set aside the impugned orders, allowing the appeals. The rejection of enhanced value led to no basis for confiscation under section 111 of the Customs Act, 1962, resulting in the penalties imposed under section 112 being set aside. The Tribunal emphasized the necessity of corroborative evidence, proper application of valuation rules, and adherence to judicial precedents and legislative intent in customs valuation and assessment proceedings. en-us Mon, 25 Feb 2019 00:00:00 +0530 Mon, 24 Jun 2019 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375881 The Tribunal set aside the impugned orders, allowing the appeals. The rejection of enhanced value led to no basis for confiscation under section 111 of the Customs Act, 1962, resulting in the penalties imposed under section 112 being set aside. The Tribunal emphasized the necessity of corroborative evidence, proper application of valuation rules, and adherence to judicial precedents and legislative intent in customs valuation and assessment proceedings. Case-Laws Customs Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375881