1998 (3) TMI 209 - AT - Customs

Summary

The Appellate Tribunal CEGAT, New Delhi heard a case where a Xerox copier was imported as a marriage present. The Deputy Collector doubted the invoice price, leading to confiscation of the machine. The Tribunal found discrepancies in the description and pricing, setting the assessable value at Hong Kong $15,600 FOB and reducing the redemption fine to Rs. 10,000.