https://www.taxtmi.com/caselaws?id=74730 An independent re-test report found that the imported material was not coated or plated with the metals alleged and appeared to be mild steel sheet, thereby displacing the foundation of the original laboratory-based finding. The import licence was held to cover the declared item, subject to adequate licence balance. As a result, the allegations of misdeclaration, undervaluation and unauthorised import did not survive, and the confiscation and penalty were held unsustainable. The goods were directed to be assessed on the declared description and value, with the licence accepted to the extent of available balance. en-us Mon, 19 Oct 1987 00:00:00 +0530 Fri, 10 Jun 2011 15:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74730 An independent re-test report found that the imported material was not coated or plated with the metals alleged and appeared to be mild steel sheet, thereby displacing the foundation of the original laboratory-based finding. The import licence was held to cover the declared item, subject to adequate licence balance. As a result, the allegations of misdeclaration, undervaluation and unauthorised import did not survive, and the confiscation and penalty were held unsustainable. The goods were directed to be assessed on the declared description and value, with the licence accepted to the extent of available balance. Case-Laws Customs Mon, 19 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74730