https://www.taxtmi.com/caselaws?id=801241 Penalties imposed on Chartered Engineers cannot stand once the principal import proceedings and their associated demand, interest, confiscation and penalties have been invalidated. The alleged under-valuation lacked corroborative evidence, revaluation was arbitrary, and the proceedings were time-barred. With no enforceable underlying demand or related penal consequence, no independent basis remains for penal action against the Chartered Engineers; the penalties were therefore set aside. en-us Thu, 15 Oct 2026 00:00:00 +0530 Sat, 17 Oct 2026 05:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801241 Penalties imposed on Chartered Engineers cannot stand once the principal import proceedings and their associated demand, interest, confiscation and penalties have been invalidated. The alleged under-valuation lacked corroborative evidence, revaluation was arbitrary, and the proceedings were time-barred. With no enforceable underlying demand or related penal consequence, no independent basis remains for penal action against the Chartered Engineers; the penalties were therefore set aside. Case-Laws Customs Thu, 15 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801241