https://www.taxtmi.com/caselaws?id=91231 The Tribunal overturned the confiscation decision of imported goods due to misdeclaration of value. While upholding the enhancement of price based on comparisons with other suppliers, the Tribunal found the confiscation disproportionate compared to similar cases. Emphasizing the requirement of mens rea for confiscation, the Tribunal adjusted the penalty, considering the discrepancies in declared values and the relatively low variation in this case compared to previous instances. The appeal was granted relief by setting aside the confiscation and modifying the penalty imposed. en-us Tue, 28 Jul 1998 00:00:00 +0530 Fri, 14 Oct 2011 16:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91231 The Tribunal overturned the confiscation decision of imported goods due to misdeclaration of value. While upholding the enhancement of price based on comparisons with other suppliers, the Tribunal found the confiscation disproportionate compared to similar cases. Emphasizing the requirement of mens rea for confiscation, the Tribunal adjusted the penalty, considering the discrepancies in declared values and the relatively low variation in this case compared to previous instances. The appeal was granted relief by setting aside the confiscation and modifying the penalty imposed. Case-Laws Customs Tue, 28 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91231