https://www.taxtmi.com/caselaws?id=430770 The Tribunal partially allowed the appeal, accepting the declared value of the imported goods and reducing the redemption fine and penalty imposed. The appellant received consequential benefits, emphasizing compliance with import regulations and accurate valuation to prevent penalties. The Tribunal stressed the significance of providing a fair hearing by considering the limitation period for filing an appeal and ensuring proper authorization for restricted goods importation. Confiscation of goods was upheld due to the absence of an import license, but penalties were mitigated in light of the circumstances. en-us Mon, 21 Nov 2022 00:00:00 +0530 Mon, 28 Nov 2022 10:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430770 The Tribunal partially allowed the appeal, accepting the declared value of the imported goods and reducing the redemption fine and penalty imposed. The appellant received consequential benefits, emphasizing compliance with import regulations and accurate valuation to prevent penalties. The Tribunal stressed the significance of providing a fair hearing by considering the limitation period for filing an appeal and ensuring proper authorization for restricted goods importation. Confiscation of goods was upheld due to the absence of an import license, but penalties were mitigated in light of the circumstances. Case-Laws Customs Mon, 21 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430770