https://www.taxtmi.com/caselaws?id=75025 The Tribunal ruled in favor of the appellant, stating no misdeclaration of description was established under the EPCG scheme. The order of confiscation based on misdeclaration of value was upheld only for two items, with a reduced redemption fine of Rs. 1 lakh and penalty of Rs. 25,000. The Tribunal modified the Commissioner's order, allowing redemption for the two items with enhanced values and sustained the confiscation. en-us Tue, 16 Jun 2009 00:00:00 +0530 Wed, 17 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75025 The Tribunal ruled in favor of the appellant, stating no misdeclaration of description was established under the EPCG scheme. The order of confiscation based on misdeclaration of value was upheld only for two items, with a reduced redemption fine of Rs. 1 lakh and penalty of Rs. 25,000. The Tribunal modified the Commissioner's order, allowing redemption for the two items with enhanced values and sustained the confiscation. Case-Laws Customs Tue, 16 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75025