https://www.taxtmi.com/highlights?id=92069 The CESTAT affirmed the demand for customs duty against the appellant but held that the redemption fine and monetary penalty were imposed without proper application of principles of natural justice and without market-based valuation. The Tribunal found the Chartered Engineer's valuation inadmissible in absence of market survey and reduced the punitive measures: redemption fine fixed at Rs.1,00,000 and penalty fixed at Rs.50,000. On that basis the appeal was partly allowed, with the duty demand confirmed and the redemption fine/penalty mitigated to the stated amounts. en-us Sat, 30 Aug 2025 08:31:25 +0530 Sat, 30 Aug 2025 08:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92069 The CESTAT affirmed the demand for customs duty against the appellant but held that the redemption fine and monetary penalty were imposed without proper application of principles of natural justice and without market-based valuation. The Tribunal found the Chartered Engineer's valuation inadmissible in absence of market survey and reduced the punitive measures: redemption fine fixed at Rs.1,00,000 and penalty fixed at Rs.50,000. On that basis the appeal was partly allowed, with the duty demand confirmed and the redemption fine/penalty mitigated to the stated amounts. Highlights Customs Sat, 30 Aug 2025 08:31:25 +0530 https://www.taxtmi.com/highlights?id=92069