https://www.taxtmi.com/caselaws?id=84563 The Tribunal upheld the Collector's findings on undervaluation and misdeclaration of the imported goods. The evidence supported the conclusion that the appellants undervalued the goods, leading to confiscation and imposition of a redemption fine of Rs. 5 lakhs. The penalty was reduced to Rs. 1 lakh each due to deliberate misdeclaration. The appeal was rejected, with the penalty reduction being the only modification. en-us Thu, 12 Oct 1995 00:00:00 +0530 Fri, 22 Jul 2011 17:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84563 The Tribunal upheld the Collector's findings on undervaluation and misdeclaration of the imported goods. The evidence supported the conclusion that the appellants undervalued the goods, leading to confiscation and imposition of a redemption fine of Rs. 5 lakhs. The penalty was reduced to Rs. 1 lakh each due to deliberate misdeclaration. The appeal was rejected, with the penalty reduction being the only modification. Case-Laws Customs Thu, 12 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84563