https://www.taxtmi.com/caselaws?id=383216 The Tribunal modified the impugned order regarding the undeclared drill bits, setting aside the confiscation, redemption fine, and penalties. The drill bits were found to be new and serviceable, leading to their classification as usable items rather than scrap. Despite a valuation dispute, the Tribunal upheld the lower authorities' classification, emphasizing the importer's failure to seek expert opinion or challenge the examination report. The lack of deliberate misdeclaration and evidence of the drill bits' usability supported the decision to overturn the confiscation and associated penalties under the Customs Act. en-us Wed, 17 Jul 2019 00:00:00 +0530 Mon, 02 Mar 2020 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383216 The Tribunal modified the impugned order regarding the undeclared drill bits, setting aside the confiscation, redemption fine, and penalties. The drill bits were found to be new and serviceable, leading to their classification as usable items rather than scrap. Despite a valuation dispute, the Tribunal upheld the lower authorities' classification, emphasizing the importer's failure to seek expert opinion or challenge the examination report. The lack of deliberate misdeclaration and evidence of the drill bits' usability supported the decision to overturn the confiscation and associated penalties under the Customs Act. Case-Laws Customs Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383216