https://www.taxtmi.com/caselaws?id=43409 The Court set aside the adjudicating authority's order, quashing confiscation and penalties imposed under Sections 111(d) and 111(m) of the Customs Act, 1962. The appellant's fixed deposit receipts were to be returned, emphasizing fair and reasonable actions, adherence to legal principles, and reliance on cogent evidence in determining under-invoicing and valuation. The Court found the penalties disproportionately high and the adjudicating authority's actions unreasonable, leading to the decision in favor of the appellant. en-us Thu, 30 Jul 1992 00:00:00 +0530 Thu, 17 Jun 2010 18:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43409 The Court set aside the adjudicating authority's order, quashing confiscation and penalties imposed under Sections 111(d) and 111(m) of the Customs Act, 1962. The appellant's fixed deposit receipts were to be returned, emphasizing fair and reasonable actions, adherence to legal principles, and reliance on cogent evidence in determining under-invoicing and valuation. The Court found the penalties disproportionately high and the adjudicating authority's actions unreasonable, leading to the decision in favor of the appellant. Case-Laws Customs Thu, 30 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43409