https://www.taxtmi.com/caselaws?id=108304 The Tribunal upheld the Commissioner's order involving misdeclaration of imported goods, leading to confiscation, a redemption fine of Rs. 3.00 lakh, and a personal penalty of Rs. 50,000 under the Customs Act. The appeal challenging the fines imposed was dismissed as the goods were significantly undervalued, justifying the penalties. The Tribunal affirmed that liability for confiscation is on the goods, not dependent on the importer's knowledge, and upheld the fines due to the importer's failure to promptly disclose the incorrect shipment. en-us Thu, 24 Oct 2002 00:00:00 +0530 Fri, 30 Mar 2012 18:14:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108304 The Tribunal upheld the Commissioner's order involving misdeclaration of imported goods, leading to confiscation, a redemption fine of Rs. 3.00 lakh, and a personal penalty of Rs. 50,000 under the Customs Act. The appeal challenging the fines imposed was dismissed as the goods were significantly undervalued, justifying the penalties. The Tribunal affirmed that liability for confiscation is on the goods, not dependent on the importer's knowledge, and upheld the fines due to the importer's failure to promptly disclose the incorrect shipment. Case-Laws Customs Thu, 24 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108304