https://www.taxtmi.com/caselaws?id=124466 The Tribunal upheld the Commissioner's decision, affirming the confiscation of goods valued at Rs.29,68,861.50 and imposition of a penalty of Rs.1.50 lakhs due to the deliberate misdeclaration of imported goods to evade customs duty. The appellant's claims of negotiating a reduced price with the supplier and seeking leniency were rejected, with the Tribunal finding the misdeclaration as intentional to import high-rated items as low-rated items. The Tribunal deemed the redemption fine and penalty justified based on the value of the goods and the duty evasion attempt, ultimately ruling in favor of the Respondent. en-us Thu, 16 Oct 2008 00:00:00 +0530 Sat, 29 Sep 2012 16:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124466 The Tribunal upheld the Commissioner's decision, affirming the confiscation of goods valued at Rs.29,68,861.50 and imposition of a penalty of Rs.1.50 lakhs due to the deliberate misdeclaration of imported goods to evade customs duty. The appellant's claims of negotiating a reduced price with the supplier and seeking leniency were rejected, with the Tribunal finding the misdeclaration as intentional to import high-rated items as low-rated items. The Tribunal deemed the redemption fine and penalty justified based on the value of the goods and the duty evasion attempt, ultimately ruling in favor of the Respondent. Case-Laws Customs Thu, 16 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124466