https://www.taxtmi.com/caselaws?id=93402 Imported computer software was alleged to be misdeclared in value because the invoice included training, conversion, modification, post-implementation and travel costs. The customs authorities could, however, ascertain the actual software value from the invoice and bill of entry themselves. The Tribunal held that an overstatement in the invoice, without suppression or concealment and where the true value is otherwise discernible from disclosed documents, does not justify confiscation for misdeclaration or personal penalty. Confiscation under the Customs Act and penalty were therefore unjustified. en-us Thu, 10 Feb 2000 00:00:00 +0530 Fri, 11 Nov 2011 11:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93402 Imported computer software was alleged to be misdeclared in value because the invoice included training, conversion, modification, post-implementation and travel costs. The customs authorities could, however, ascertain the actual software value from the invoice and bill of entry themselves. The Tribunal held that an overstatement in the invoice, without suppression or concealment and where the true value is otherwise discernible from disclosed documents, does not justify confiscation for misdeclaration or personal penalty. Confiscation under the Customs Act and penalty were therefore unjustified. Case-Laws Customs Thu, 10 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93402