https://www.taxtmi.com/caselaws?id=415978 The Tribunal upheld the appellant/importer's declared value for the imported goods "Embroidery Beads/Stones," rejecting the proposed enhancement. The confiscation under Section 111(m) and the redemption fine of ? 90 lakhs were set aside as there was no mis-declaration. Penalties under Sections 112(a) and 114AA were also set aside due to the absence of sustained confiscation or established mis-declaration. The Tribunal allowed the importer's appeal, rejecting the Revenue's appeal and disposing of related applications. en-us Thu, 16 Dec 2021 00:00:00 +0530 Sat, 18 Dec 2021 08:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415978 The Tribunal upheld the appellant/importer's declared value for the imported goods "Embroidery Beads/Stones," rejecting the proposed enhancement. The confiscation under Section 111(m) and the redemption fine of ? 90 lakhs were set aside as there was no mis-declaration. Penalties under Sections 112(a) and 114AA were also set aside due to the absence of sustained confiscation or established mis-declaration. The Tribunal allowed the importer's appeal, rejecting the Revenue's appeal and disposing of related applications. Case-Laws Customs Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415978