https://www.taxtmi.com/caselaws?id=444532 Acceptance of an enhanced customs value at clearance does not, by itself, bar a later challenge in appeal, but the enhancement will be sustained where supported by a Chartered Engineer's estimate and no material shows it to be arbitrary. Used multi-function printers imported after the Foreign Trade Policy amendment were restricted goods requiring authorisation, so import without authorisation rendered them liable to confiscation. Where the redemption fine was excessive against the declared value, it could be reduced, while a penalty within a reasonable range of that value could be maintained. en-us Fri, 06 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 07:41:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444532 Acceptance of an enhanced customs value at clearance does not, by itself, bar a later challenge in appeal, but the enhancement will be sustained where supported by a Chartered Engineer's estimate and no material shows it to be arbitrary. Used multi-function printers imported after the Foreign Trade Policy amendment were restricted goods requiring authorisation, so import without authorisation rendered them liable to confiscation. Where the redemption fine was excessive against the declared value, it could be reduced, while a penalty within a reasonable range of that value could be maintained. Case-Laws Customs Fri, 06 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444532