https://www.taxtmi.com/caselaws?id=52998 The Tribunal set aside the Commissioner's decision to enhance the declared value of imported Silk fabric, confiscate the consignment, and impose fines and penalties. The Tribunal found no evidence of mis-declaration, supporting the appellant's argument that the lower value was due to the consignment being a stock lot sold at a discounted price, in line with commercial practices. Emphasizing the importance of accurate declaration, the Tribunal allowed the appeal, providing relief to the appellant and rejecting the mis-declaration allegation based on the evidence and commercial norms. en-us Mon, 26 Jul 2004 00:00:00 +0530 Sat, 09 Oct 2010 09:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52998 The Tribunal set aside the Commissioner's decision to enhance the declared value of imported Silk fabric, confiscate the consignment, and impose fines and penalties. The Tribunal found no evidence of mis-declaration, supporting the appellant's argument that the lower value was due to the consignment being a stock lot sold at a discounted price, in line with commercial practices. Emphasizing the importance of accurate declaration, the Tribunal allowed the appeal, providing relief to the appellant and rejecting the mis-declaration allegation based on the evidence and commercial norms. Case-Laws Customs Mon, 26 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52998