https://www.taxtmi.com/caselaws?id=118786 The appeal arose from the confiscation of teak wood for export under the Customs Act, 1962, due to discrepancies in the declared description. The goods were identified as sawn teak wood instead of teak flooring panels, violating export policies. The appellants failed to meet the conditions for exporting sawn teak wood, resulting in confiscation and a penalty of Rs. 1 lakh imposed by the Commissioner. The Tribunal upheld the confiscation, fine, and penalty, emphasizing the importance of compliance with export regulations and accurate declaration of goods. en-us Tue, 16 Aug 2005 00:00:00 +0530 Thu, 05 Jul 2012 17:07:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118786 The appeal arose from the confiscation of teak wood for export under the Customs Act, 1962, due to discrepancies in the declared description. The goods were identified as sawn teak wood instead of teak flooring panels, violating export policies. The appellants failed to meet the conditions for exporting sawn teak wood, resulting in confiscation and a penalty of Rs. 1 lakh imposed by the Commissioner. The Tribunal upheld the confiscation, fine, and penalty, emphasizing the importance of compliance with export regulations and accurate declaration of goods. Case-Laws Customs Tue, 16 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118786