https://www.taxtmi.com/caselaws?id=383774 Customs valuation of imported used photocopiers was sustained where the declared value was found unrealistically low and the department relied on a reasoned chartered engineer's assessment based on market value, depreciation, and accessories, with the appellant's cross-examination objection rejected. The consequential duty demand was therefore upheld. Although confiscation was justified for import in violation of the Foreign Trade Policy, the redemption fine was reduced on proportionality grounds. Penalty was also sustained in principle because of the policy breach and misdeclaration concerns, but its quantum was moderated in view of the overall facts and the relief granted on fine. en-us Thu, 11 Jul 2019 00:00:00 +0530 Sat, 14 Mar 2020 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383774 Customs valuation of imported used photocopiers was sustained where the declared value was found unrealistically low and the department relied on a reasoned chartered engineer's assessment based on market value, depreciation, and accessories, with the appellant's cross-examination objection rejected. The consequential duty demand was therefore upheld. Although confiscation was justified for import in violation of the Foreign Trade Policy, the redemption fine was reduced on proportionality grounds. Penalty was also sustained in principle because of the policy breach and misdeclaration concerns, but its quantum was moderated in view of the overall facts and the relief granted on fine. Case-Laws Customs Thu, 11 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383774