https://www.taxtmi.com/caselaws?id=80700 Imported cars were assessed on the proved transaction value where receipt, invoice and contemporaneous correspondence showed purchase at Dirhams 35,000 each, and the Department failed to disclose any evidentiary basis for a higher valuation. Absolute confiscation was therefore not justified on the facts, although the lower declared value and wrong model amounted to misdeclaration warranting confiscation with redemption on fine. The importer remained liable for the false declarations in the bill of entry, so penalty was sustained but reduced in amount. The intermediary's active participation in the misdeclaration to evade duty was established from the record, so the penalty on him was upheld. en-us Mon, 16 Jul 1990 00:00:00 +0530 Sat, 18 Jun 2011 16:09:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80700 Imported cars were assessed on the proved transaction value where receipt, invoice and contemporaneous correspondence showed purchase at Dirhams 35,000 each, and the Department failed to disclose any evidentiary basis for a higher valuation. Absolute confiscation was therefore not justified on the facts, although the lower declared value and wrong model amounted to misdeclaration warranting confiscation with redemption on fine. The importer remained liable for the false declarations in the bill of entry, so penalty was sustained but reduced in amount. The intermediary's active participation in the misdeclaration to evade duty was established from the record, so the penalty on him was upheld. Case-Laws Customs Mon, 16 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80700