https://www.taxtmi.com/caselaws?id=34114 The appeal was filed against an order that held imported goods to be misdeclared in terms of value, leading to confiscation and redemption on payment of a fine and imposition of a penalty. The Tribunal found the declared value for Filter elements rightly rejected but accepted the value for Heater Plugs. The demand for duty payment based on the enhanced value was deemed unsustainable, leading to the setting aside of the penalty and fine. The Tribunal partially allowed the appeal by reducing the redemption fine to Rs. 50,000 and the penalty to Rs. 25,000, disposing of the appeal in favor of the appellants. en-us Wed, 02 Jul 2008 00:00:00 +0530 Thu, 16 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34114 The appeal was filed against an order that held imported goods to be misdeclared in terms of value, leading to confiscation and redemption on payment of a fine and imposition of a penalty. The Tribunal found the declared value for Filter elements rightly rejected but accepted the value for Heater Plugs. The demand for duty payment based on the enhanced value was deemed unsustainable, leading to the setting aside of the penalty and fine. The Tribunal partially allowed the appeal by reducing the redemption fine to Rs. 50,000 and the penalty to Rs. 25,000, disposing of the appeal in favor of the appellants. Case-Laws Central Excise Wed, 02 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34114