https://www.taxtmi.com/caselaws?id=299426 The tribunal ruled in favor of the appellant, setting aside the order demanding differential duty on the import of a slitter cum rewinder machine. The tribunal disagreed with the Collector's classification of the machine as a paper cutting machine, allowing the import under Open General Licence. Additionally, discrepancies in the valuation method were noted, leading to the dismissal of penalties imposed on the appellant and a director. The tribunal found no evidence of deliberate undervaluation and overturned the penalties and duty demands, emphasizing the lack of unlawful intent on the appellant's part. en-us Thu, 20 Jun 1996 00:00:00 +0530 Tue, 14 Dec 2021 12:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299426 The tribunal ruled in favor of the appellant, setting aside the order demanding differential duty on the import of a slitter cum rewinder machine. The tribunal disagreed with the Collector's classification of the machine as a paper cutting machine, allowing the import under Open General Licence. Additionally, discrepancies in the valuation method were noted, leading to the dismissal of penalties imposed on the appellant and a director. The tribunal found no evidence of deliberate undervaluation and overturned the penalties and duty demands, emphasizing the lack of unlawful intent on the appellant's part. Case-Laws Customs Thu, 20 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299426