https://www.taxtmi.com/caselaws?id=112064 Export goods declared at an FOB value far above the exporter's admitted local market price, coupled with an incorrect quantity declaration, were treated as supported by an untruthful shipping bill. Failure to establish the correctness of the declared value renders an inflated export declaration false, exposing the goods to confiscation and the declarant to consequential penalty. The stated principles support confiscation where export value is unrealistically inflated and cannot be substantiated, particularly where quantity particulars are also misstated. en-us Tue, 09 Mar 2004 00:00:00 +0530 Thu, 26 Apr 2012 14:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112064 Export goods declared at an FOB value far above the exporter's admitted local market price, coupled with an incorrect quantity declaration, were treated as supported by an untruthful shipping bill. Failure to establish the correctness of the declared value renders an inflated export declaration false, exposing the goods to confiscation and the declarant to consequential penalty. The stated principles support confiscation where export value is unrealistically inflated and cannot be substantiated, particularly where quantity particulars are also misstated. Case-Laws Customs Tue, 09 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112064