https://www.taxtmi.com/caselaws?id=91770 Valuation and confiscation consequences must rest on disclosed material, and the affected party is entitled to know the basis on which value, margin of profit, and penalty are proposed to be fixed. Where the goods were not prohibited, absolute confiscation without a redemption option was unsustainable, and the confiscation order could not stand in that form. The confiscation order and penalty were set aside, and the matter was remanded for fresh determination of value, margin of profit, and consequential penalty after disclosure of the material relied upon. en-us Mon, 12 Apr 1999 00:00:00 +0530 Thu, 20 Oct 2011 17:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91770 Valuation and confiscation consequences must rest on disclosed material, and the affected party is entitled to know the basis on which value, margin of profit, and penalty are proposed to be fixed. Where the goods were not prohibited, absolute confiscation without a redemption option was unsustainable, and the confiscation order could not stand in that form. The confiscation order and penalty were set aside, and the matter was remanded for fresh determination of value, margin of profit, and consequential penalty after disclosure of the material relied upon. Case-Laws Customs Mon, 12 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91770