https://www.taxtmi.com/caselaws?id=225134 The court refused the requested release of imported goods under the Customs Act due to doubts over undervaluation and lack of cooperation from the petitioner. Despite the petitioner's insistence on the declared value, the court emphasized the need for accurate valuation and classification. However, considering the legal framework, the court ordered the provisional release of the goods under specific conditions, requiring the petitioner to deposit duty payable and secure the remaining amount by a personal bond. This decision balanced the petitioner's request for release with the necessity of proper assessment and compliance with legal procedures. en-us Tue, 02 Apr 2013 00:00:00 +0530 Tue, 31 Dec 2013 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=225134 The court refused the requested release of imported goods under the Customs Act due to doubts over undervaluation and lack of cooperation from the petitioner. Despite the petitioner's insistence on the declared value, the court emphasized the need for accurate valuation and classification. However, considering the legal framework, the court ordered the provisional release of the goods under specific conditions, requiring the petitioner to deposit duty payable and secure the remaining amount by a personal bond. This decision balanced the petitioner's request for release with the necessity of proper assessment and compliance with legal procedures. Case-Laws Customs Tue, 02 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=225134