https://www.taxtmi.com/caselaws?id=752475 CESTAT Mumbai held that customs valuation procedures under the Customs Valuation Rules 2007 were improperly applied to confiscated goods. The tribunal found no valid basis for re-valuation of declared goods, particularly second-hand items, and criticized discriminatory treatment between importers. For goods absolutely confiscated due to import prohibition and intellectual property breaches, the tribunal permitted re-export without additional penalties under section 125. Undeclared goods were held liable for confiscation under section 111(l) but allowed redemption upon fine payment. The tribunal modified the original order, allowing appeals partially while maintaining confiscation provisions where legally justified. en-us Wed, 08 May 2024 00:00:00 +0530 Fri, 10 May 2024 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752475 CESTAT Mumbai held that customs valuation procedures under the Customs Valuation Rules 2007 were improperly applied to confiscated goods. The tribunal found no valid basis for re-valuation of declared goods, particularly second-hand items, and criticized discriminatory treatment between importers. For goods absolutely confiscated due to import prohibition and intellectual property breaches, the tribunal permitted re-export without additional penalties under section 125. Undeclared goods were held liable for confiscation under section 111(l) but allowed redemption upon fine payment. The tribunal modified the original order, allowing appeals partially while maintaining confiscation provisions where legally justified. Case-Laws Customs Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752475