https://www.taxtmi.com/caselaws?id=378649 The Tribunal allowed the appeals, setting aside the lower authorities' orders. It held that the rejection of the declared value was unjustified, as there was no evidence to support misdeclaration allegations. The confiscation of goods and imposition of penalties were deemed unwarranted due to lack of substantiation. Recovery of short-paid duty was also overturned as it was based on the incorrect rejection of declared value. The Tribunal emphasized the importance of providing valid reasons and evidence for such actions, in line with established legal principles and Supreme Court precedents. Consequential relief was granted to the appellants. en-us Thu, 06 Dec 2018 00:00:00 +0530 Mon, 02 Mar 2020 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378649 The Tribunal allowed the appeals, setting aside the lower authorities' orders. It held that the rejection of the declared value was unjustified, as there was no evidence to support misdeclaration allegations. The confiscation of goods and imposition of penalties were deemed unwarranted due to lack of substantiation. Recovery of short-paid duty was also overturned as it was based on the incorrect rejection of declared value. The Tribunal emphasized the importance of providing valid reasons and evidence for such actions, in line with established legal principles and Supreme Court precedents. Consequential relief was granted to the appellants. Case-Laws Customs Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378649