https://www.taxtmi.com/caselaws?id=114816 The case involved misdeclaration and undervaluation of goods to evade customs duty. The applicant admitted additional duty liability and agreed to mutilate the goods into scrap. The Settlement Commission allowed the application to proceed, recalculating duty based on scrap value. The Revenue's claim of outright smuggling was unsubstantiated. The final hearing would determine duty quantum, with goods released upon payment and Bank Guarantee. The Commission ensured a fair resolution addressing misdeclaration, compliance, valuation, and duty liability. en-us Tue, 30 Nov 2004 00:00:00 +0530 Mon, 21 May 2012 13:34:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114816 The case involved misdeclaration and undervaluation of goods to evade customs duty. The applicant admitted additional duty liability and agreed to mutilate the goods into scrap. The Settlement Commission allowed the application to proceed, recalculating duty based on scrap value. The Revenue's claim of outright smuggling was unsubstantiated. The final hearing would determine duty quantum, with goods released upon payment and Bank Guarantee. The Commission ensured a fair resolution addressing misdeclaration, compliance, valuation, and duty liability. Case-Laws Customs Tue, 30 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114816