https://www.taxtmi.com/caselaws?id=123479 The tribunal upheld the lower authorities' decision to confiscate the misdeclared goods as they did not meet Vanaspati standards, imposing a reduced fine of Rs. 1.5 lakhs for redemption and a penalty of Rs. 50,000. The plea for re-export without fine payment was rejected, emphasizing that misdeclaration justified confiscation and penalty under the Customs Act. The specific standards for Vanaspati were highlighted, leading to the dismissal of the appeal and the affirmation of the original authorities' orders. en-us Fri, 11 Apr 2008 00:00:00 +0530 Fri, 14 Sep 2012 14:43:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123479 The tribunal upheld the lower authorities' decision to confiscate the misdeclared goods as they did not meet Vanaspati standards, imposing a reduced fine of Rs. 1.5 lakhs for redemption and a penalty of Rs. 50,000. The plea for re-export without fine payment was rejected, emphasizing that misdeclaration justified confiscation and penalty under the Customs Act. The specific standards for Vanaspati were highlighted, leading to the dismissal of the appeal and the affirmation of the original authorities' orders. Case-Laws Customs Fri, 11 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123479