https://www.taxtmi.com/caselaws?id=431207 The Court upheld the decision of the Authorities to rely on the transactional value indicated by the invoices for the valuation of seized goods under the Customs Act, dismissing the Writ Petition. The Authorities' rejection of the Trade Panel's report and preference for the transactional value were deemed appropriate, with no evident perversities noted in the order. The Court found the valuation process in line with established principles, leading to the dismissal of the Petitioner's challenge and a lenient view taken by reducing fines progressively throughout the proceedings. en-us Thu, 24 Nov 2022 00:00:00 +0530 Thu, 08 Dec 2022 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431207 The Court upheld the decision of the Authorities to rely on the transactional value indicated by the invoices for the valuation of seized goods under the Customs Act, dismissing the Writ Petition. The Authorities' rejection of the Trade Panel's report and preference for the transactional value were deemed appropriate, with no evident perversities noted in the order. The Court found the valuation process in line with established principles, leading to the dismissal of the Petitioner's challenge and a lenient view taken by reducing fines progressively throughout the proceedings. Case-Laws Customs Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431207