https://www.taxtmi.com/caselaws?id=90551 The Tribunal set aside charges of misdeclaration of value and misclassification, allowing the goods to be cleared upon mutilation under Customs supervision. The declared value was accepted for basic customs duty, with countervailing duty assessed under CET sub-heading 4011.99. The redemption fine and penalty were reduced to Rs. 50,000 each, as the Tribunal found no misdeclaration or undervaluation, noting accurate goods description in the Bill of Entry. en-us Thu, 17 Sep 1998 00:00:00 +0530 Sat, 08 Oct 2011 18:24:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90551 The Tribunal set aside charges of misdeclaration of value and misclassification, allowing the goods to be cleared upon mutilation under Customs supervision. The declared value was accepted for basic customs duty, with countervailing duty assessed under CET sub-heading 4011.99. The redemption fine and penalty were reduced to Rs. 50,000 each, as the Tribunal found no misdeclaration or undervaluation, noting accurate goods description in the Bill of Entry. Case-Laws Customs Thu, 17 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90551