https://www.taxtmi.com/caselaws?id=123992 The Tribunal dismissed the appeals and affirmed the confiscation of goods due to misdeclaration of value under Section 111(m) of the Customs Act. The imports were not found to contravene the EXIM Policy, but the discrepancy between declared and appraised values justified confiscation. The Tribunal reduced the redemption fine and penalties to lower amounts, emphasizing their necessity alongside customs duty. The case concluded with the goods' release upon payment of the revised amounts, highlighting the Tribunal's decision on the legal aspects and interpretations of relevant provisions. en-us Tue, 24 Jun 2008 00:00:00 +0530 Tue, 05 Sep 2017 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123992 The Tribunal dismissed the appeals and affirmed the confiscation of goods due to misdeclaration of value under Section 111(m) of the Customs Act. The imports were not found to contravene the EXIM Policy, but the discrepancy between declared and appraised values justified confiscation. The Tribunal reduced the redemption fine and penalties to lower amounts, emphasizing their necessity alongside customs duty. The case concluded with the goods' release upon payment of the revised amounts, highlighting the Tribunal's decision on the legal aspects and interpretations of relevant provisions. Case-Laws Customs Tue, 24 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123992