https://www.taxtmi.com/caselaws?id=51192 The Tribunal found in favor of the appellant, M/s. Peerless Consultancy Services Pvt. Ltd., in the case involving the valuation of stainless steel balls for export and the imposition of a penalty under Section 114 of the Customs Act. The Tribunal concluded that the declared value of the goods was acceptable, emphasizing that no show-cause notice challenging the valuation was issued within the prescribed period. They rejected the Revenue's challenge to the declared value, highlighting the conformity of the exported goods to specifications and the lack of evidence supporting inflated valuation. As a result, the Tribunal set aside the impugned order and allowed all appeals. en-us Mon, 11 Feb 2002 00:00:00 +0530 Thu, 23 Sep 2010 12:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51192 The Tribunal found in favor of the appellant, M/s. Peerless Consultancy Services Pvt. Ltd., in the case involving the valuation of stainless steel balls for export and the imposition of a penalty under Section 114 of the Customs Act. The Tribunal concluded that the declared value of the goods was acceptable, emphasizing that no show-cause notice challenging the valuation was issued within the prescribed period. They rejected the Revenue's challenge to the declared value, highlighting the conformity of the exported goods to specifications and the lack of evidence supporting inflated valuation. As a result, the Tribunal set aside the impugned order and allowed all appeals. Case-Laws Customs Mon, 11 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51192