https://www.taxtmi.com/caselaws?id=51078 The Tribunal ruled in favor of the appellants, Swem Industries, in a case involving duty determination, penalty imposition, and confiscation of goods. It held that duty should be determined based on the assessable value under Section 14 of the Customs Act, not the market value. The penalty imposed on a partner of the firm was set aside, as imposing penalties on both the partner and the firm was deemed inappropriate. Additionally, the confiscation orders for goods owned by individuals unaware of the illegal nature of the goods were overturned due to their lack of knowledge. en-us Wed, 19 Dec 2001 00:00:00 +0530 Wed, 22 Sep 2010 15:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51078 The Tribunal ruled in favor of the appellants, Swem Industries, in a case involving duty determination, penalty imposition, and confiscation of goods. It held that duty should be determined based on the assessable value under Section 14 of the Customs Act, not the market value. The penalty imposed on a partner of the firm was set aside, as imposing penalties on both the partner and the firm was deemed inappropriate. Additionally, the confiscation orders for goods owned by individuals unaware of the illegal nature of the goods were overturned due to their lack of knowledge. Case-Laws Customs Wed, 19 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51078