https://www.taxtmi.com/caselaws?id=87901 The appeal challenged the confiscation of industrial diamond dust under Section 111(m) of the Customs Act, 1962, due to wrong declaration of goods' value. The Additional Commissioner imposed a penalty for the incorrect valuation, but the appellant argued against it, citing case laws. The Additional Commissioner found no violation of Import Trade Control Regulations but ordered confiscation and penalty. However, the Tribunal set aside the order, emphasizing that confiscation and fine were unjustified, considering the technical nature of the violation and evidence supporting the intention to re-export the goods. en-us Wed, 17 Dec 1997 00:00:00 +0530 Tue, 13 Sep 2011 16:35:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87901 The appeal challenged the confiscation of industrial diamond dust under Section 111(m) of the Customs Act, 1962, due to wrong declaration of goods' value. The Additional Commissioner imposed a penalty for the incorrect valuation, but the appellant argued against it, citing case laws. The Additional Commissioner found no violation of Import Trade Control Regulations but ordered confiscation and penalty. However, the Tribunal set aside the order, emphasizing that confiscation and fine were unjustified, considering the technical nature of the violation and evidence supporting the intention to re-export the goods. Case-Laws Customs Wed, 17 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87901