https://www.taxtmi.com/caselaws?id=112250 The judgment set aside the confiscation order under Section 111(m) due to misdeclaration of goods as metallic pigment instead of mixed brass scrap. The valuation based on market value was challenged and deemed arbitrary, leading to the rejection of the valuation and confiscation charge. The misclassification of goods as brass scrap was corrected to copper scrap powder, emphasizing the importance of accurate declaration and classification of imported goods under customs rules. The appeal was allowed, overturning the order for confiscation, redemption fine, and penalty. en-us Fri, 13 Aug 2004 00:00:00 +0530 Fri, 27 Apr 2012 13:06:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112250 The judgment set aside the confiscation order under Section 111(m) due to misdeclaration of goods as metallic pigment instead of mixed brass scrap. The valuation based on market value was challenged and deemed arbitrary, leading to the rejection of the valuation and confiscation charge. The misclassification of goods as brass scrap was corrected to copper scrap powder, emphasizing the importance of accurate declaration and classification of imported goods under customs rules. The appeal was allowed, overturning the order for confiscation, redemption fine, and penalty. Case-Laws Customs Fri, 13 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112250