https://www.taxtmi.com/caselaws?id=442911 The Tribunal set aside the demand of duty, confiscation, redemption fine, and penalties imposed under the Customs Act, 1962, due to lack of justification for rejecting the declared value of goods, allowing the appeals with consequential relief. The appellant's contentions regarding undervaluation of goods, provisional assessment, rejection of transaction value, and comparison of import values were upheld, with the Tribunal noting discrepancies in the department's reasoning and the lack of proper basis for rejecting the declared value. en-us Tue, 12 Sep 2023 00:00:00 +0530 Wed, 13 Sep 2023 09:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442911 The Tribunal set aside the demand of duty, confiscation, redemption fine, and penalties imposed under the Customs Act, 1962, due to lack of justification for rejecting the declared value of goods, allowing the appeals with consequential relief. The appellant's contentions regarding undervaluation of goods, provisional assessment, rejection of transaction value, and comparison of import values were upheld, with the Tribunal noting discrepancies in the department's reasoning and the lack of proper basis for rejecting the declared value. Case-Laws Customs Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442911