https://www.taxtmi.com/caselaws?id=104945 The Tribunal upheld the confiscation of undervalued imported video games and imposed a penalty for misdeclaration under Sections 111(m) and 112 of the Customs Act. The appellant's appeal succeeded in setting aside the order, remanding the case for revaluation in accordance with Customs Valuation Rules. The Commissioner was directed to specify the valuation method and reassess fines and penalties based on the new valuation, allowing the appellant to present evidence from their experts during the process. en-us Fri, 19 Jul 2002 00:00:00 +0530 Thu, 01 Mar 2012 18:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104945 The Tribunal upheld the confiscation of undervalued imported video games and imposed a penalty for misdeclaration under Sections 111(m) and 112 of the Customs Act. The appellant's appeal succeeded in setting aside the order, remanding the case for revaluation in accordance with Customs Valuation Rules. The Commissioner was directed to specify the valuation method and reassess fines and penalties based on the new valuation, allowing the appellant to present evidence from their experts during the process. Case-Laws Customs Fri, 19 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104945