https://www.taxtmi.com/caselaws?id=123995 Misdeclaration of export value was sustained where the invoice record showed two different values and the later disclosed correct value supported undervaluation; the absence of original documents from non-traceable importers did not displace the documentary inconsistency. On that basis, confiscation-related redemption fine was upheld, while the exporter's penalty was reduced. Penalties on the customs house agent and its partner were set aside because there was no proof that they knew of the undervaluation or knowingly abetted it, and no fraud or complicity was established against them. en-us Wed, 25 Jun 2008 00:00:00 +0530 Mon, 24 Sep 2012 13:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123995 Misdeclaration of export value was sustained where the invoice record showed two different values and the later disclosed correct value supported undervaluation; the absence of original documents from non-traceable importers did not displace the documentary inconsistency. On that basis, confiscation-related redemption fine was upheld, while the exporter's penalty was reduced. Penalties on the customs house agent and its partner were set aside because there was no proof that they knew of the undervaluation or knowingly abetted it, and no fraud or complicity was established against them. Case-Laws Customs Wed, 25 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123995