https://www.taxtmi.com/caselaws?id=440796 The Tribunal ruled in favor of the appellant regarding the customs duty demand and confiscation penalties for alleged undeclared excess quantity of HR steel plates. It held that minor weight differences should not impact valuation, emphasizing the importance of transaction value unless specific exceptions apply. The Tribunal found the weight discrepancy within permissible limits and criticized the arbitrary valuation method used. Consequently, the impugned order was set aside, and the appeal was allowed with consequential reliefs. en-us Mon, 24 Jul 2023 00:00:00 +0530 Thu, 27 Jul 2023 08:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440796 The Tribunal ruled in favor of the appellant regarding the customs duty demand and confiscation penalties for alleged undeclared excess quantity of HR steel plates. It held that minor weight differences should not impact valuation, emphasizing the importance of transaction value unless specific exceptions apply. The Tribunal found the weight discrepancy within permissible limits and criticized the arbitrary valuation method used. Consequently, the impugned order was set aside, and the appeal was allowed with consequential reliefs. Case-Laws Customs Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440796