https://www.taxtmi.com/caselaws?id=279827 The Tribunal overturned the lower authorities' decision and concluded that the imported goods were correctly classifiable as Heavy Melting Scrap under CTH 1704 49 00. The Tribunal found the revenue's arbitrary enhancement of the goods' value without proper evidence to be unjustified, leading to the setting aside of the confiscation order under Section 111(m) of the Customs Act, 1962. The appeal was allowed, emphasizing the necessity for concrete evidence and expert opinions in valuation disputes to ensure adherence to legal principles. en-us Fri, 11 May 2018 00:00:00 +0530 Mon, 08 Apr 2019 00:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279827 The Tribunal overturned the lower authorities' decision and concluded that the imported goods were correctly classifiable as Heavy Melting Scrap under CTH 1704 49 00. The Tribunal found the revenue's arbitrary enhancement of the goods' value without proper evidence to be unjustified, leading to the setting aside of the confiscation order under Section 111(m) of the Customs Act, 1962. The appeal was allowed, emphasizing the necessity for concrete evidence and expert opinions in valuation disputes to ensure adherence to legal principles. Case-Laws Customs Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279827