https://www.taxtmi.com/caselaws?id=108234 Imported drawings, designs and documents were treated as classifiable under Heading 49.06 of the Customs Tariff Act, with duty payable under Heading 98.03, in line with the Larger Bench view and Supreme Court authority relied on by the Tribunal. A nominal value declaration, despite the known importance of the goods, was treated as suppression and wilful misstatement, justifying invocation of the extended period of limitation. On redemption fine and penalty, the Tribunal considered the later clearance and use of the goods and found redemption fine unwarranted, while reducing the penalties on proportionality grounds. en-us Thu, 25 Jul 2002 00:00:00 +0530 Fri, 30 Mar 2012 15:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108234 Imported drawings, designs and documents were treated as classifiable under Heading 49.06 of the Customs Tariff Act, with duty payable under Heading 98.03, in line with the Larger Bench view and Supreme Court authority relied on by the Tribunal. A nominal value declaration, despite the known importance of the goods, was treated as suppression and wilful misstatement, justifying invocation of the extended period of limitation. On redemption fine and penalty, the Tribunal considered the later clearance and use of the goods and found redemption fine unwarranted, while reducing the penalties on proportionality grounds. Case-Laws Customs Thu, 25 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108234