https://www.taxtmi.com/caselaws?id=95310 Enhanced assessable value in provisional customs assessments, by itself, does not establish misdeclaration or deliberate undervaluation. Confiscation under Section 111(m) of the Customs Act requires a legally sustainable finding of misdeclaration, and redemption fine or penalty cannot be sustained without proof of mens rea or other evidence of intent to evade duty. On the stated facts, valuation was finalised on comparable price data and valuation material, not on evidence of illegal remittance or culpable intent, so confiscation and penal consequences were rejected. en-us Wed, 06 Dec 2000 00:00:00 +0530 Sat, 10 Dec 2011 11:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95310 Enhanced assessable value in provisional customs assessments, by itself, does not establish misdeclaration or deliberate undervaluation. Confiscation under Section 111(m) of the Customs Act requires a legally sustainable finding of misdeclaration, and redemption fine or penalty cannot be sustained without proof of mens rea or other evidence of intent to evade duty. On the stated facts, valuation was finalised on comparable price data and valuation material, not on evidence of illegal remittance or culpable intent, so confiscation and penal consequences were rejected. Case-Laws Customs Wed, 06 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95310