https://www.taxtmi.com/caselaws?id=93861 Import declared as plastic scrap was found to include a substantial quantity of higher-value acrylic plastic scrap, and the declared description, the importer's business profile, and surrounding circumstances supported an inference of misdeclaration. Confiscation was not ordered because the goods had already been released and were not shown to be available, but the finding negating misdeclaration was set aside and penal liability was left open for consideration under Section 112 of the Customs Act, 1962. en-us Fri, 05 May 2000 00:00:00 +0530 Thu, 17 Nov 2011 14:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93861 Import declared as plastic scrap was found to include a substantial quantity of higher-value acrylic plastic scrap, and the declared description, the importer's business profile, and surrounding circumstances supported an inference of misdeclaration. Confiscation was not ordered because the goods had already been released and were not shown to be available, but the finding negating misdeclaration was set aside and penal liability was left open for consideration under Section 112 of the Customs Act, 1962. Case-Laws Customs Fri, 05 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93861