https://www.taxtmi.com/caselaws?id=94252 Misdeclaration of exported polyester blended yarn as goods made from virgin polyester fibre, where the record and officers' statements supported use of waste fibre, sustained confiscation despite an incorrect sub-clause reference in the notice being treated as a typographical error. The export under the DEEC scheme involved a duty-linked advantage, justifying confiscation and maintenance of redemption fine. However, the penalty amounts imposed on the exporter and its Managing Director were considered excessive and were reduced. The result was limited relief confined to penalty reduction, with confiscation and redemption fine remaining intact. en-us Fri, 15 Oct 1999 00:00:00 +0530 Mon, 21 Nov 2011 11:54:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94252 Misdeclaration of exported polyester blended yarn as goods made from virgin polyester fibre, where the record and officers' statements supported use of waste fibre, sustained confiscation despite an incorrect sub-clause reference in the notice being treated as a typographical error. The export under the DEEC scheme involved a duty-linked advantage, justifying confiscation and maintenance of redemption fine. However, the penalty amounts imposed on the exporter and its Managing Director were considered excessive and were reduced. The result was limited relief confined to penalty reduction, with confiscation and redemption fine remaining intact. Case-Laws Customs Fri, 15 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94252