https://www.taxtmi.com/caselaws?id=85277 The Tribunal upheld the Collector's decision on valuation and confiscation, deeming it correct. The penalty for misdeclaration was reduced from Rs. 10,000 to Rs. 5,000, aligning with the case circumstances. The appeal was partly allowed, with the reduced penalty considered appropriate. en-us Thu, 22 Feb 1996 00:00:00 +0530 Wed, 03 Aug 2011 18:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85277 The Tribunal upheld the Collector's decision on valuation and confiscation, deeming it correct. The penalty for misdeclaration was reduced from Rs. 10,000 to Rs. 5,000, aligning with the case circumstances. The appeal was partly allowed, with the reduced penalty considered appropriate. Case-Laws Customs Thu, 22 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85277