Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Misdeclaration of value of imported goods - undervaluation - The non-inclusion of design charges is, admittedly, not in line with the valuation provisions. - The redemption fine imposed is 10% of the value of assessment and the penalty is 5% of such value - AT
Misdeclaration of value of imported goods - undervaluation - The non-inclusion of design charges is, admittedly, not in line with the valuation provisions. - The redemption fine imposed is 10% of the value of assessment and the penalty is 5% of such value - AT
Note: It is a system-generated summary and is for quick reference only.