https://www.taxtmi.com/caselaws?id=95984 The Tribunal found no evidence of under-valuation in the importation of goods described as "Advertisement Material/Printed Card" under Open General Licence. The goods were deemed consumer goods, leading to confiscation under the Customs Act. However, the Tribunal reduced the redemption fine and penalty imposed, considering the original penalties excessive without proof of under-valuation. The mis-description of goods as "Advertisement Material" when they were prints of scenery led to their confiscation as prohibited imports. The Tribunal upheld the confiscation but reduced the redemption fine and penalty, ultimately disposing of the appeal with revised penalties. en-us Fri, 16 Mar 2001 00:00:00 +0530 Fri, 16 Dec 2011 14:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95984 The Tribunal found no evidence of under-valuation in the importation of goods described as "Advertisement Material/Printed Card" under Open General Licence. The goods were deemed consumer goods, leading to confiscation under the Customs Act. However, the Tribunal reduced the redemption fine and penalty imposed, considering the original penalties excessive without proof of under-valuation. The mis-description of goods as "Advertisement Material" when they were prints of scenery led to their confiscation as prohibited imports. The Tribunal upheld the confiscation but reduced the redemption fine and penalty, ultimately disposing of the appeal with revised penalties. Case-Laws Customs Fri, 16 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95984