https://www.taxtmi.com/caselaws?id=441286 The Tribunal dismissed the Revenue's appeals, affirming the lower appellate authority's decision. It held that the enhancement of the value of imported goods was not justified due to a lack of conclusive evidence of under-valuation or mis-declaration. The Tribunal found no grounds for confiscation under Section 111(m) or penal action under Section 112 A of the Customs Act, 1962, as there was no evidence of mis-declaration or extra payments. The declared transaction values were accepted, and the appeals filed by the Revenue were dismissed with consequential relief, if any. en-us Thu, 03 Aug 2023 00:00:00 +0530 Sat, 03 Feb 2024 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441286 The Tribunal dismissed the Revenue's appeals, affirming the lower appellate authority's decision. It held that the enhancement of the value of imported goods was not justified due to a lack of conclusive evidence of under-valuation or mis-declaration. The Tribunal found no grounds for confiscation under Section 111(m) or penal action under Section 112 A of the Customs Act, 1962, as there was no evidence of mis-declaration or extra payments. The declared transaction values were accepted, and the appeals filed by the Revenue were dismissed with consequential relief, if any. Case-Laws Customs Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441286