https://www.taxtmi.com/caselaws?id=33713 The Tribunal accepted the declared value of imported old and used photocopier machines based on a Chartered Engineer's report, rejecting the higher valuation using NIDB data. It affirmed the requirement of a license for importing photocopiers, upholding the confiscation of goods. The Tribunal reduced the redemption fine and penalty imposed, considering the unjustified price enhancement and demurrage costs incurred by the appellants, allowing for the release of confiscated goods at a reduced fine amount. en-us Tue, 05 Aug 2008 00:00:00 +0530 Fri, 05 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33713 The Tribunal accepted the declared value of imported old and used photocopier machines based on a Chartered Engineer's report, rejecting the higher valuation using NIDB data. It affirmed the requirement of a license for importing photocopiers, upholding the confiscation of goods. The Tribunal reduced the redemption fine and penalty imposed, considering the unjustified price enhancement and demurrage costs incurred by the appellants, allowing for the release of confiscated goods at a reduced fine amount. Case-Laws Customs Tue, 05 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33713