https://www.taxtmi.com/caselaws?id=388842 The Tribunal partly allowed the appeal by accepting the declared value of imported goods and reducing the redemption fine and penalty to 10% and 5% of the assessable value, respectively. The Tribunal dismissed the Revenue's appeal for absolute confiscation, emphasizing that the goods were not waste and could be cleared upon payment of the redemption fine and duty. The decision aligned with established legal precedents and emphasized the importance of consistent application of the law. en-us Wed, 13 Nov 2019 00:00:00 +0530 Thu, 05 Nov 2020 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388842 The Tribunal partly allowed the appeal by accepting the declared value of imported goods and reducing the redemption fine and penalty to 10% and 5% of the assessable value, respectively. The Tribunal dismissed the Revenue's appeal for absolute confiscation, emphasizing that the goods were not waste and could be cleared upon payment of the redemption fine and duty. The decision aligned with established legal precedents and emphasized the importance of consistent application of the law. Case-Laws Customs Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388842