https://www.taxtmi.com/caselaws?id=34028 The Tribunal upheld the Commissioner's assessment of the assessable value of imported used colour monitors based on a Chartered Engineer's Certificate, the confiscation of the goods under Section 111(d) of the Customs Act, the reduction of the redemption fine, and the imposition of the penalty. The decision emphasized the significance of expert appraisal for low-priced electronic items and deemed the actions of the authorities as justified and reasonable. The importer's appeal was dismissed, affirming the Commissioner's decisions regarding the valuation, confiscation, and penalties. en-us Tue, 07 Oct 2008 00:00:00 +0530 Mon, 06 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34028 The Tribunal upheld the Commissioner's assessment of the assessable value of imported used colour monitors based on a Chartered Engineer's Certificate, the confiscation of the goods under Section 111(d) of the Customs Act, the reduction of the redemption fine, and the imposition of the penalty. The decision emphasized the significance of expert appraisal for low-priced electronic items and deemed the actions of the authorities as justified and reasonable. The importer's appeal was dismissed, affirming the Commissioner's decisions regarding the valuation, confiscation, and penalties. Case-Laws Customs Tue, 07 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34028