https://www.taxtmi.com/caselaws?id=412072 The appeal was allowed, and the demand for differential duty liability, confiscation, and penalty was set aside by the Tribunal. The Tribunal found that the revision of the declared retail sale price based on market price comparisons was without legal authority, and the assessing officer lacked the power to re-determine the declared RSP. The Tribunal concluded that the actions taken by the original authority and confirmed by the first appellate authority were flawed. en-us Tue, 07 Sep 2021 00:00:00 +0530 Thu, 09 Sep 2021 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412072 The appeal was allowed, and the demand for differential duty liability, confiscation, and penalty was set aside by the Tribunal. The Tribunal found that the revision of the declared retail sale price based on market price comparisons was without legal authority, and the assessing officer lacked the power to re-determine the declared RSP. The Tribunal concluded that the actions taken by the original authority and confirmed by the first appellate authority were flawed. Case-Laws Customs Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412072