https://www.taxtmi.com/caselaws?id=119816 The Tribunal overturned the confiscation of goods and penalties imposed on an importer for misdeclaration under Sections 111(m) and 111(o) of the Customs Act, 1962. The importer, who declared Aluminium ingots but received scrap, was found to have made bona fide declarations with no intent to deceive. The Tribunal held that the confiscation was unjustified as both ingots and scrap were permissible for duty-free import. The importer was allowed to clear the goods as scrap by amending the declaration, and the case was remanded for assessment based on the Tribunal's decision. en-us Thu, 13 Jul 2006 00:00:00 +0530 Fri, 13 Jul 2012 13:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119816 The Tribunal overturned the confiscation of goods and penalties imposed on an importer for misdeclaration under Sections 111(m) and 111(o) of the Customs Act, 1962. The importer, who declared Aluminium ingots but received scrap, was found to have made bona fide declarations with no intent to deceive. The Tribunal held that the confiscation was unjustified as both ingots and scrap were permissible for duty-free import. The importer was allowed to clear the goods as scrap by amending the declaration, and the case was remanded for assessment based on the Tribunal's decision. Case-Laws Customs Thu, 13 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119816