https://www.taxtmi.com/caselaws?id=105066 Export goods misdeclared in description and value were found liable to confiscation because examination of the consignments and the partner's statement showed that the goods were used, old, damaged and of lower quality than declared. The misdeclaration was treated as a bona fide lapse arising from inadequate supervision rather than a deliberate scheme, but the extent of undervaluation and the wrongful benefit that could have been obtained still justified confiscation and the imposition of fine and penalty. In view of the exporter's clean past record and business scale, the redemption fine and penalty were reduced as a matter of proportionality. en-us Thu, 18 Jun 1998 00:00:00 +0530 Fri, 02 Mar 2012 13:16:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105066 Export goods misdeclared in description and value were found liable to confiscation because examination of the consignments and the partner's statement showed that the goods were used, old, damaged and of lower quality than declared. The misdeclaration was treated as a bona fide lapse arising from inadequate supervision rather than a deliberate scheme, but the extent of undervaluation and the wrongful benefit that could have been obtained still justified confiscation and the imposition of fine and penalty. In view of the exporter's clean past record and business scale, the redemption fine and penalty were reduced as a matter of proportionality. Case-Laws Customs Thu, 18 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105066