https://www.taxtmi.com/caselaws?id=385260 Where the importer accepted the assessed value at clearance, a later challenge seeking a market enquiry did not survive, and the valuation determined at assessment was upheld. Import of restricted goods without the requisite licence rendered the goods liable to confiscation under Customs law, so confiscation was sustained. The penalty under section 112(a) was found proportionate and left undisturbed, but the redemption fine was considered excessive in relation to the assessed value and was reduced. en-us Fri, 12 Apr 2019 00:00:00 +0530 Mon, 02 Sep 2019 07:52:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385260 Where the importer accepted the assessed value at clearance, a later challenge seeking a market enquiry did not survive, and the valuation determined at assessment was upheld. Import of restricted goods without the requisite licence rendered the goods liable to confiscation under Customs law, so confiscation was sustained. The penalty under section 112(a) was found proportionate and left undisturbed, but the redemption fine was considered excessive in relation to the assessed value and was reduced. Case-Laws Customs Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385260