https://www.taxtmi.com/caselaws?id=122788 The Tribunal held that the goods were overvalued and mis-described, leading to their confiscation under Section 113(i) of the Customs Act, 1962. The denial of DEPB credit was upheld, but the confiscation of goods at the Secunderabad godown was set aside. Penalties under Section 114(i) were imposed on individuals involved in the mis-description and overvaluation of goods, with penalties reduced for some parties. en-us Mon, 03 Sep 2007 00:00:00 +0530 Tue, 03 Oct 2017 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122788 The Tribunal held that the goods were overvalued and mis-described, leading to their confiscation under Section 113(i) of the Customs Act, 1962. The denial of DEPB credit was upheld, but the confiscation of goods at the Secunderabad godown was set aside. Penalties under Section 114(i) were imposed on individuals involved in the mis-description and overvaluation of goods, with penalties reduced for some parties. Case-Laws Customs Mon, 03 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122788