https://www.taxtmi.com/caselaws?id=89669 Undervaluation and misdeclaration of imported goods justified enhancement of redemption fine and penalty where the importer had knowingly underdeclared the value of the catalyst and the record showed mala fides. The original amounts were considered disproportionate to the gravity of the lapse and the duty involved, so a higher redemption fine was treated as appropriate. The penalty was also required to serve a deterrent purpose. On that basis, the redemption fine and penalty were increased. en-us Mon, 14 Dec 1998 00:00:00 +0530 Wed, 28 Sep 2011 18:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89669 Undervaluation and misdeclaration of imported goods justified enhancement of redemption fine and penalty where the importer had knowingly underdeclared the value of the catalyst and the record showed mala fides. The original amounts were considered disproportionate to the gravity of the lapse and the duty involved, so a higher redemption fine was treated as appropriate. The penalty was also required to serve a deterrent purpose. On that basis, the redemption fine and penalty were increased. Case-Laws Customs Mon, 14 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89669