1998 (3) TMI 208 - AT - Customs

Summary

The judgment involved a dispute over the assessable value of a Xerox copier imported as a marriage present. The Deputy Collector initially valued it at Rs. 75,000 based on a UK price comparison, leading to confiscation under customs law. The Appellate Tribunal found insufficient details in the documents provided and reduced the value to Hong Kong $15,600 FOB, with a redemption fine of Rs. 10,000 imposed.