https://www.taxtmi.com/caselaws?id=123910 Goods cleared provisionally may still be confiscated and subjected to redemption fine where misdeclaration is established; the importer's failure to dispute laboratory findings that the goods contained predominantly cadmium supported confiscation. Once the declared invoice value was rejected because the goods were not as declared, assessable value could be re-determined under the Customs Valuation Rules, 1988. The valuation based on cadmium content, prevailing international cadmium price, and recovery cost was treated as reasonable. The challenge to confiscation and valuation failed, though the monetary consequences were reduced by scaling down the redemption fine and penalty. en-us Fri, 04 Apr 2008 00:00:00 +0530 Fri, 21 Sep 2012 18:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123910 Goods cleared provisionally may still be confiscated and subjected to redemption fine where misdeclaration is established; the importer's failure to dispute laboratory findings that the goods contained predominantly cadmium supported confiscation. Once the declared invoice value was rejected because the goods were not as declared, assessable value could be re-determined under the Customs Valuation Rules, 1988. The valuation based on cadmium content, prevailing international cadmium price, and recovery cost was treated as reasonable. The challenge to confiscation and valuation failed, though the monetary consequences were reduced by scaling down the redemption fine and penalty. Case-Laws Customs Fri, 04 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123910