https://www.taxtmi.com/caselaws?id=79009 The Tribunal upheld the penalty for mis-declaration of imported goods' value but set aside the confiscation of machinery and redemption fine as the goods were unconditionally cleared. The appeal challenged the original authority and Commissioner (Appeals) decisions, resulting in the Tribunal partially allowing the appeal. This case emphasizes the significance of accurately declaring imported goods' value to avoid penalties and confiscation under the Customs Act, 1962. en-us Fri, 01 Jan 2010 00:00:00 +0530 Thu, 30 Dec 2010 15:22:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=79009 The Tribunal upheld the penalty for mis-declaration of imported goods' value but set aside the confiscation of machinery and redemption fine as the goods were unconditionally cleared. The appeal challenged the original authority and Commissioner (Appeals) decisions, resulting in the Tribunal partially allowing the appeal. This case emphasizes the significance of accurately declaring imported goods' value to avoid penalties and confiscation under the Customs Act, 1962. Case-Laws Customs Fri, 01 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=79009