https://www.taxtmi.com/caselaws?id=762252 The Tribunal upheld the enhanced valuation of the imported filters and the demand for differential duty, based on the Chartered Engineer's assessment. However, it found the confiscation of goods and associated penalties under Section 111(m) of the Customs Act, 1962, unwarranted. Consequently, the confiscation order was set aside, and the penalties were annulled. The appellant was granted the option to pay the differential duty to clear the consignment, resulting in a partial allowance of the appeal. en-us Tue, 19 Nov 2024 00:00:00 +0530 Thu, 28 Nov 2024 07:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762252 The Tribunal upheld the enhanced valuation of the imported filters and the demand for differential duty, based on the Chartered Engineer's assessment. However, it found the confiscation of goods and associated penalties under Section 111(m) of the Customs Act, 1962, unwarranted. Consequently, the confiscation order was set aside, and the penalties were annulled. The appellant was granted the option to pay the differential duty to clear the consignment, resulting in a partial allowance of the appeal. Case-Laws Customs Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762252