https://www.taxtmi.com/caselaws?id=440392 The Tribunal set aside the impugned order and remanded the case for a fresh decision. The re-ascertainment of the assessable value of the tug and barge was deemed necessary, with the declared purchase price being accepted as the transaction value. The confiscation and penalties were found to be a result of failures related to cargo declaration and value correctness, leading to the appeal of Revenue being considered infructuous. en-us Thu, 13 Jul 2023 00:00:00 +0530 Mon, 17 Jul 2023 22:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440392 The Tribunal set aside the impugned order and remanded the case for a fresh decision. The re-ascertainment of the assessable value of the tug and barge was deemed necessary, with the declared purchase price being accepted as the transaction value. The confiscation and penalties were found to be a result of failures related to cargo declaration and value correctness, leading to the appeal of Revenue being considered infructuous. Case-Laws Customs Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440392