https://www.taxtmi.com/caselaws?id=114175 Where re-export of imported goods was permitted, redemption fine was not warranted and was set aside. A personal penalty based on undervaluation also failed because the valuation rested on surmises, with no contemporaneous imports or reliable evidence to reject the declared transaction value at the threshold. In the absence of an evidentiary foundation for undervaluation, the penalty could not be sustained and was annulled. en-us Tue, 27 Jun 2000 00:00:00 +0530 Fri, 11 May 2012 18:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114175 Where re-export of imported goods was permitted, redemption fine was not warranted and was set aside. A personal penalty based on undervaluation also failed because the valuation rested on surmises, with no contemporaneous imports or reliable evidence to reject the declared transaction value at the threshold. In the absence of an evidentiary foundation for undervaluation, the penalty could not be sustained and was annulled. Case-Laws Customs Tue, 27 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114175