https://www.taxtmi.com/caselaws?id=788240 Customs valuation determined solely on an empanelled expert certificate without sequential application of the Customs Valuation Rules and without current market data is unsupportable; the declared transaction value is accepted and the reassessment set aside. Separately, redemption fine and penalty principles require proportionality and consistency with past practice where absolute confiscation is not warranted; accordingly fines were moderated to align with established practice, producing relief to the importer while preserving the adjudicatory framework for imposing fines and penalties. en-us Tue, 17 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788240 Customs valuation determined solely on an empanelled expert certificate without sequential application of the Customs Valuation Rules and without current market data is unsupportable; the declared transaction value is accepted and the reassessment set aside. Separately, redemption fine and penalty principles require proportionality and consistency with past practice where absolute confiscation is not warranted; accordingly fines were moderated to align with established practice, producing relief to the importer while preserving the adjudicatory framework for imposing fines and penalties. Case-Laws Customs Tue, 17 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788240