https://www.taxtmi.com/caselaws?id=30673 Imported old, used and partially damaged transformers permitted as raw material for a 100% EOU were treated as transformer scrap, so the allegations of misdeclaration and undervaluation did not survive. Because no customs duty demand was confirmed and no duty benefit arose from the declared value, confiscation could not be sustained. The valuation enhancement under Rule 7A of the Customs Valuation Rules, 1988 was held unwarranted on the facts, and the redemption fine and penalty were set aside. en-us Tue, 29 Apr 2008 00:00:00 +0530 Mon, 15 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30673 Imported old, used and partially damaged transformers permitted as raw material for a 100% EOU were treated as transformer scrap, so the allegations of misdeclaration and undervaluation did not survive. Because no customs duty demand was confirmed and no duty benefit arose from the declared value, confiscation could not be sustained. The valuation enhancement under Rule 7A of the Customs Valuation Rules, 1988 was held unwarranted on the facts, and the redemption fine and penalty were set aside. Case-Laws Customs Tue, 29 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30673